Molycorp (MCP), already reeling from Friday's warning of higher production costs, -1.7%...

|By:, SA News Editor

Molycorp (MCP), already reeling from Friday's warning of higher production costs, -1.7% premarket after a report that China may almost double rare earth exports this year and meet quotas set by the government. This year's export quotas may remain virtually unchanged, but after falling far short last year, they may be met this year as overseas demand recovers.