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Molycorp's (MCP +6.1%) price target is raised to $90 from $74 at JPMorgan as domestic Chinese...
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Monday, April 11, 2011, 9:45 AM ETMolycorp's (MCP +6.1%) price target is raised to $90 from $74 at JPMorgan as domestic Chinese rare earth prices continue to climb higher. "Rare earth prices will not fall as significantly as the market anticipates as new supply eventually comes on line outside of China... current Chinese domestic prices are supportive of MCP's valuation." SHZ +5.1%, REE +4.1%.
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