Molycorp (MCP +4.3%) continues its recent rise after shares are upgraded to Buy from Hold at...

|By:, SA News Editor

Molycorp (MCP +4.3%) continues its recent rise after shares are upgraded to Buy from Hold at Gabelli, which cites the recent financing to provide liquidity through H1 2013 and hitting milestones to get Phase 1 production online on time and on budget. Although rare earth prices remain weak, the firm says much of the risk already is reflected in the share price.