Molycorp (MCP +11.3%) shares spike on a report that Sumitomo is in talks to buy a stake in the...

|By:, SA News Editor

Molycorp (MCP +11.3%) shares spike on a report that Sumitomo is in talks to buy a stake in the owner of the world’s largest non-Chinese deposit of rare-earth metals. Rare-earth peer REE +12.5%.