More on the Molycorp (MCP -15%) downgrade: Longtime bull Mike Gambardella "(takes) a more...

|By:, SA News Editor

More on the Molycorp (MCP -15%) downgrade: Longtime bull Mike Gambardella "(takes) a more cautious stance on the stock," noting the recent decline in rare earth prices and a sharp cut in forecast world demand. However, he still sees China taking steps to reduce supply and restrict production over time.