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

|By:, SA News Editor

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.