Molycorp (MCP -9.2%) continues its descent that began last week when JPMorgan downgraded shares...

|By:, SA News Editor

Molycorp (MCP -9.2%) continues its descent that began last week when JPMorgan downgraded shares and cut its price target to $66 from $105. Some analysts find it hard to imagine rare earth prices coming down much further with such tight supply, barring a collapse of the global economy wiping out demand, but investors appear skeptical.