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Molycorp (MCP +4.7%) adds to Tuesday's big gains after Morgan Stanley reports Chinese rare earth...

Molycorp (MCP +4.7%) adds to Tuesday's big gains after Morgan Stanley reports Chinese rare earth prices jumped 10% on average yesterday, per industry site Metal Pages. The firm adds it continues to believe rare earth prices have fallen to a level that will stoke demand, and predicts a seasonal pickup will will help stabilize prices. REE +2.3%. (previously)
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Comments (1)
  • A.Priori
    , contributor
    Comments (9) | Send Message
     
    I love this company and the idea of the rise of rare earth. Should be interesting to watch this grow. Being up 25% since the year's start is not a bad thing for me.
    29 Mar 2012, 02:00 PM Reply Like
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