Demand for rare earth oxides has troughed, which could be good news for Molycorp (MCP) after another 12% decline in prices during May, Morgan Stanley says, but additional supply from MCP and Lynas in H2 of this year could put prices back under pressure. The firm keeps its Equal Weight rating on MCP but raises its Q2 EPS estimate to a $0.25 loss from a $0.30 loss. MCP +2% premarket.
Demand for rare earth oxides has troughed, which could be good news for Molycorp (MCP) after...
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