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Molycorp (MCP) +1.8% AH after surging 16% during regular trading, as other rare earth...

Jul. 10, 2013 6:35 PM ETMolycorp, Inc. (MCP) StockREE-OLD, REMX, AVLNF, MCPBy: Carl Surran, SA News Editor4 Comments
Molycorp (MCP) +1.8% AH after surging 16% during regular trading, as other rare earth (NYSEARCA:REMX) names also rose today: REE +11.7%, AVL +15.2%. A Euro Pacific analyst ties the move to reports from China that say the price increase in rare earth relates to a government campaign to shut down unlicensed mines in China's Ganzhau; funds may be buying a basket of related companies. (earlier)

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