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Shares of Molycorp (MCP -5.6%) hit a 52-week low as the WTO reportedly launches an investigation...

Shares of Molycorp (MCP -5.6%) hit a 52-week low as the WTO reportedly launches an investigation into China’s export quotas and tariffs on rare earths, tungsten and molybdenum. The average Chinese export price of rare earth oxides soared 537% in 2011 vs. 2010 and was 10% higher Y/Y in the first five months of 2012, according to Bloomberg data. REE -3.7%, AVL -1.4%.
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