Rare Earth Market Focused on Molycorp Profit Rise
The latest round of news, commentary, and happenings within the rare earth market.
The latest round of news, commentary, and happenings within the rare earth market.
Reuters reported that Molycorp (NYSE:MCP) announced a sharp increase in quarterly profit due to higher rare earth prices.
The Gold Report reported an interview with Kaiser Research Online editor John Kaiser.
In response to increased criticism, China has set up a rare earth industry association in a move to speed up unification of its diverse rare earth industry.
Paragon Report released research on the rare earth industry, Molycorp (NYSE:MCP), and Rare Element Resources (AMEX:REE).
Reuters reported that Molycorp (NYSE:MCP) increased the rare earth reserve estimate for the California-based Mountain Pass mine.
Bloomberg reported that Molycorp (NYSE:MCP) is being seen as undervalued, making it an attractive takeover target.
Bloomberg reported that Molycorp's (NYSE:MCP) takeover of Neo Material Technologies (TSX:NEM) is a move designed to boost shareholder value.
Molycorp (NYSE:MCP) announced its acquisition of Neo Material Technologies (TSX:NEM) for $1.3 billion.
The Paragon Report reported research on Great Western Minerals Group (TSXV:GWG) and Molycorp (ASX:MCP), as well as the state of the rare earth industry.
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