Rare-earth metals producer Molycorp (MCP +7.5%) gets the last permits needed to start building a...

|By:, SA News Editor

Rare-earth metals producer Molycorp (MCP +7.5%) gets the last permits needed to start building a $531M facility in Mountain Pass, Calif. The West's only rare-earth oxide producer plans to start mining next year and ramp up to full capacity by the end of 2012; since its July IPO, Molycorp is up 140%.