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Molycorp (MCP +6.4%) marches higher after CEO Mark Smith tells CNBC that a proposed U.S....

Molycorp (MCP +6.4%) marches higher after CEO Mark Smith tells CNBC that a proposed U.S. stockpile of rare earth materials at this time would actually create a little more tension in supply. Smith says MCP is "selling every kilogram" of material it is making, and that it would take "numerous years" of contraction to start to disrupt the supply/demand picture.
Comments (4)
  • enginist
    , contributor
    Comments (5) | Send Message
     
    Why does MP get all the attentiion? Just recently it was NYT, and now it's CNBC. Either the company likes to hype itself or the publicity is well earned. Maybe one of the big investors, like the fund with all the shares, has a well-oiled PR machine.
    5 Nov 2011, 01:12 AM Reply Like
  • glenn terris
    , contributor
    Comments (9) | Send Message
     
    I remember Molycorp in 1970's when they supported a store, gas station , and post office in the middle of the desert. To be able to return to full production after many years of sitting basically idle is the reason for the attention they are getting. I did not work there but did have and still have a mine nearby.
    Hope the store and station come back.
    8 Nov 2011, 04:34 PM Reply Like
  • glenn terris
    , contributor
    Comments (9) | Send Message
     
    I am a retired divisional plastic manufacturing manager. Also have been a part owner of Kokoweef Inc. of Las Vegas. Have been an active owner of our mine in Mt Pass,Ca. since 1971. Now live in Oregon.
    8 Nov 2011, 04:38 PM Reply Like
  • glenn terris
    , contributor
    Comments (9) | Send Message
     
    Also holding long on MCP stock .
    8 Nov 2011, 04:41 PM Reply Like
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