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Molycorp (MCP) +1.5% premarket after announcing its proven and probable reserves of rare-earth...

Molycorp (MCP) +1.5% premarket after announcing its proven and probable reserves of rare-earth minerals at its flagship Mountain Pass, Calif., facility have increased by 36%. MCP's reserves are now at 18.4M short tons of rare-earth ore at an ore grade of 7.98% and a cut-off grade of 5%, up from a 2010 estimate of 13.6M short tons.
Comments (1)
  • AGlass94
    , contributor
    Comments (7) | Send Message
     
    MCP's merger with Neo Materials was a good move. They effectively expanded their operation, and with the increased demand for rare earth metals from advancing technology, this is beneficial thing. As long as there is a demand for high-tech cell phones and any other electrical components then MCP is the right choice to make.
    25 Apr 2012, 01:32 PM Reply Like
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