Molycorp to Webcast Analyst Day

Molycorp, Inc. (NYSE: MCP), the Western hemisphere's only producer of rare earth oxides (REO) and the largest REO producer outside of China, announced that it will host its Fall 2011 Analyst and Investor Meeting on Thursday, October 20, 2011 at its Mountain Pass, California Rare Earth Facility. Investors may access a live audio webcast and presentation from this event from 12:15 p.m. - 1:15 p.m. EDT at http://www.talkpoint.com/viewer/starthere.asp?Pres=137261.

A replay of this webcast will be available in the Investor Calendar of Events section of the Company's web site at: http://www.molycorp.com/Investors.aspx.

About Molycorp, Inc.

With offices in the U.S., Europe, and Japan, Molycorp, Inc. is the only rare earth oxide (REO) producer in the Western Hemisphere and the largest REO producer outside of China. In addition to its current production of rare earth oxides at its flagship rare earth mine and processing facility at Mountain Pass, California, the Company produces rare earth metals, rare earth alloys (such as neodymium-iron-boron and samarium-cobolt alloys) and rare metals such as niobium and tantalum. The rare earths and rare metals Molycorp produces are critical inputs in existing and emerging applications including: clean energy technologies, such as hybrid and electric vehicles and wind power turbines; multiple high-tech uses, including fiber optics, lasers and hard disk drives; numerous defense applications, such as guidance and control systems and global positioning systems; advanced water treatment technology for use in industrial, military and outdoor recreation applications; and other technologies. For more information please visit www.molycorp.com.