Molycorp (MCP) +5.4% premarket on a report that China exported 2,196 metric tons of rare earth...

|By:, SA News Editor

Molycorp (MCP) +5.4% premarket on a report that China exported 2,196 metric tons of rare earth in April, a 28% rise from March, and 6,112 tons in the first four months of this year, double the year-ago volume. The data indicates bargain hunting may be reviving global demand for rare earth metals.