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Molycorp (MCP +7.3%) leads rare earth producers sharply higher, perhaps fueled by a 363% Y/Y...
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Tuesday, March 27, 2012, 9:56 AM ETMolycorp (MCP +7.3%) leads rare earth producers sharply higher, perhaps fueled by a 363% Y/Y profit gain reported overnight by Baotou Steel Rare Earth (which closed 8.4% higher in Shanghai). Still, the company says retreating rare earth prices from last year's H2 show no signs of rebounding.
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They cannot issue Environmental Certification Certificates.
No buyer wants to be labeled as supporting hurting Mother Earth.