After the markets closed yesterday, rare earths miner Molycorp Inc. (NYSE: MCP) announced that it had agreed to acquire Toronto-listed Neo Materials Technologies Inc. for CDN$1.3 billion, or about CDN$11.30/share, a 40%…
Paul Ausick Molycorp, Inc. (NYSE: MCP) is getting a second look this morning. Morgan Stanley is noting that rare earth minerals may have now bottomed out in price after a 25% drop. The belief…
Jon C. Ogg The world of rare earth metals is getting stranger… A law firm called Robbins Geller Rudman & Dowd LLP has filed a class action suit against Molycorp, Inc. (NYSE: MCP). Allegations are…
Jon C. Ogg Molycorp, Inc. (NYSE: MCP) is being punished today on news which some would argue is very mixed. J.P. Morgan decided to lower its price target and earnings estimates for Molycorp. The new…
Jon C. Ogg Molycorp, Inc. (NYSE: MCP) is a stock that we started to really pan when the stock went up into the $60s and even into the $70s. It was a bubble that felt…
Jon C. Ogg When rare earth minerals miner Molycorp Inc. (NYSE: MCP) re-opened California’s Mountain Pass mine last year, the focus was on a variety of minerals known as the “light” rare earths. These minerals…
US rare earths miner Molycorp, Inc. (NYSE: MCP) has had its ups and downs since going public in July of last year. Mostly ups, of course, though the current price is off…
Jon C. Ogg Rare earth minerals miner Molycorp Inc. (NYSE: MCP) reported second quarter earnings last night that topped analysts’ estimates, and shares are trading more than 10% higher in the pre-market this morning. Competitors…
Jon C. Ogg Rare Element Resources Ltd. (AMEX: REE) is leading the rare earth sector higher today after disclosing last night about its progress in North American rare earth element deposits. The numbers look good…
Jon C. Ogg Avalon Rare Metals Inc. (AMEX: AVL) is getting hit pretty hard this morning after shares were hit hard last night. The emerging rare earth materials players filed to sell some 7 million…
Jon C. Ogg At the end of 2010, US ETFs held assets of $1.005 trillion. By the end of 2015 that number will more than double to $2.091 trillion. That’s a compound annual growth rate…
China’s Ministry of Commerce has released a statement saying that the government has raised export quotas for rare earth elements to over 30,000 metric tons for 2011, virtually identical with shipments of…
Jon C. Ogg The announcement that Japanese scientists have found high concentrations of rare earth minerals on the Pacific Ocean sea bed could be far less than meets the eye. The report estimates that the…
Jon C. Ogg A Rare earth metals exchange? In China? Reports were out last night that Baotou Steel Rare Earth has won has won an approval from the local government to actually start an exchange…
Jon C. Ogg Today’s commodities news centers on the more than -4% drop in WTI crude oil prices which has led to a broad sell-off in most other commodities. This was a day where if…
