Seeking Alpha

China's exports of rare earth metals have rallied in recent months, a trend attributed to low...

China's exports of rare earth metals have rallied in recent months, a trend attributed to low rare earth prices and Japanese demand. But Molycorp (MCP -2.9%), whose shares have jumped 30% in the past two weeks, says it might be premature to assume a firm turnaround in global demand: "Inventories have been built up over the past several years, and they are returning to more normal levels now."
Comments (5)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Investors (and potential investors) don't have clear visibility into MCP's mining production/refining yield and costs in each REE it processes (and ultimately sells on the open market). MCP is a trading vehicle.
    23 May 2013, 03:35 PM Reply Like
  • molycrappumpdump
    , contributor
    Comments (2) | Send Message
     
    MCP is a pump and dump scam IMO.
    23 May 2013, 04:49 PM Reply Like
  • bd4uandu
    , contributor
    Comments (1777) | Send Message
     
    I kind of got that impression from your handle.
    24 May 2013, 08:25 AM Reply Like
  • molycrappumpdump
    , contributor
    Comments (2) | Send Message
     
    Molycorp is a classic wall street miner pump and dump in my opinion. Headed for bankruptcy.
    23 May 2013, 04:49 PM Reply Like
  • The Chestnut
    , contributor
    Comments (105) | Send Message
     
    I have to say - the fact that your screen-name is "molycrappumpdumb" lends a little less credibility to your comment.

     

    I agree this company has many issues. But, they do make real product. Stock is in a much better range near $5-7.
    23 May 2013, 05:12 PM Reply Like
DJIA (DIA) S&P 500 (SPY)