Molycorp (MCP +3.8%) is upgraded to Buy from Hold at Dahlman Rose, which sees long-term value...

|By:, SA News Editor

Molycorp (MCP +3.8%) is upgraded to Buy from Hold at Dahlman Rose, which sees long-term value through its planned 400% production ramp-up at the high-grade Mountain Pass and its ownership of key downstream facilities. Rare Element (REE +1.2%) also rises even as the firm cuts shares to Hold on valuation, as China's Baotou Steel suspends production for a month to try to stem falling rare earth prices.