Rare Earth Demand Has Troughed, Prices at Risk in H2 - Morgan Stanley

May 28, 2013 7:53 AM EDT
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Price: $0.36 --0%

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    Up: 29 | Down: 29 | New: 23
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Morgan Stanley analyst Paretosh Misra thinks demand for Rare-earth oxides (REO) has troughed. After another 12% decline in prices in May, this could be good news for Molycorp (NYSE: MCP). However, Misra thinks additional supply from Molycorp and Lynas in the second half of the year could put prices back under pressure.

Morgan Stanley maintained an Equalweight rating on Molycorp but raised Q2 EPS estimates to ($0.25) from ($0.30).

For an analyst ratings summary and ratings history on Molycorp (NYSE: MCP) click here. For more ratings news on Molycorp click here.

Shares of Molycorp closed at $6.73 yesterday.

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