Molycorp (MCP -6.6%) shares rode a roller-coaster today, surging more than 10% before tumbling...
Molycorp (MCP -6.6%) shares rode a roller-coaster today, surging more than 10% before tumbling on a CNBC report that the company won't actively begin extracting rare earth metals for another year and construction hasn't begun on its new California mine. The shares had spiked after China said it would cut its rare earth export quota for 2011 by 11%.
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