The Market Vectors Rare Earth/Strategic Metals ETF has gained 10 percent in the last four weeks.
Articles Tagged "NYSE:MCP"
Reunited and it feels so good: Molycorp investors have once again embraced the stock, but the love affair could be shortlived.
A Russian tycoon is spearheading a $1-billion joint venture to develop the massive Tomtor REE deposit in the Russian Far East.
Rumors are rife that Molycorp’s recent fall below its net asset value might very well turn the high-potential firm into a prime takeover target.
Molycorp's CEO, Mark Smith, has resigned from his position. In his place, the board of directors has appointed Constantine Karayannopoulos, effective immediately.
Investors are watching with increasing concern as rare earth prices react negatively to news of market-changing fundamentals.
In a move that may spur China to green its rare earth operations, Molycorp has announced a new environmentally-friendly method of extracting rare earths.
CNET reported on the rare earth extraction process, commenting that Molycorp Inc. (NYSE:MCP) is developing a more environmentally-friendly way to remove the minerals from the ground. China is also in the midst of stepping up its environmental regulations for rare earth mining, and this action from Molycorp may prompt it to do so more quickly.
The latest news and market commentary about the global rare earths sector.
US rare earth producer Molycorp has a plan to double production capacity. But could the production boost increase America's dependence on China instead of lessening it?