Molycorp.Inc. (fka MCPIQ)

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OM Group Announces Fourth Quarter 2013 Financial Results

Related news: OM Group has been used as a bellwether for Molycorp for the last several years. In their 4th quarter they experienced a 7% increase in sales in their Magnetic technologies over the same quarter in 2012. This might suggest Molycorp benefited from increased demand in their Magnetic division as well.

http://www.prnewswire.com/news-releases/om-group-announces-fourth-quarter-2013-financial-results-and-quarterly-cash-dividend-245348591.html

. . . Fourth quarter 2013 sales were $270 million.  Excluding the Advanced Materials business and the effects of rare earth pricing in Magnetic Technologies, net sales increased 7% in the fourth quarter of 2013 compared to 2012.  The increase was primarily driven by higher sales volumes in both Magnetic Technologies and Battery Technologies, as well as 3% of foreign currency translation benefit from the stronger Euro/US dollar rate in 2013.  Specialty Chemicals sales were also higher than a year ago due to higher sales volumes in the business' electronic chemicals product line.