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

Mar. 29, 2012 1:28 PM ETMolycorp, Inc. (MCP) StockREE-OLD, MCPBy: Eric Jhonsa, SA News Editor1 Comment
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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