Molycorp (MCP) Rips as China to Cut Number of Rare Earth Licenses 40%

September 13, 2012 10:55 AM EDT Send to a Friend
Get Alerts MCP Hot Sheet
Trade MCP Now!
Molycorp (NYSE: MCP) is ripping higher following headlines that China is cutting the number of rare earth licenses by 40 percent. The number of licenses had been 113, according to Securities Journal.

Shares are up 4 percent.


Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here



You May Also Be Interested In


Related Categories

Momentum Movers, Trader Talk

Add Your Comment