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

|By:, SA News Editor

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)