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Molycorp (MCP +13.2%) CEO Mark Smith tells CNBC there's no bubble in rare earth prices. "We are...

Molycorp (MCP +13.2%) CEO Mark Smith tells CNBC there's no bubble in rare earth prices. "We are absolutely bullish on prices. We think these prices are absolutely sustainable, and we think simple supply and demand fundamentals support the prices." Earlier, Molycorp had announced a partnership with Hitachi (HIT) to produce rare earth magnets.
Comments (2)
  • Is that not the definition of a bubble?
    21 Dec 2010, 05:41 PM Reply Like
  • A bubble is when the price of something goes up that you don't own or comprehend.
    21 Dec 2010, 11:08 PM Reply Like
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