Molycorp: up 20%
Molycorp Jumps as Loss Narrows, Rare-Earth Output Gains
By Simon Casey - May 11, 2013 1:06 AM GMT+1000 ..Facebook Share Tweet LinkedIn Google +1 0 Comments
Molycorp Inc., the owner of the largest rare-earth deposit outside of China, jumped the most since its July 2010 initial public offering after posting a smaller-than-expected first-quarter loss as volumes rose.
Molycorp, which climbed as much as 22 percent, rose 20 percent to $6.73 at 10:56 a.m. in New York. ...
Lynas: up 37%
Lynas Corporation (LYC.AX) has risen 2.3% to close at 66 cents, continuing its recovery, after hitting a low of 47 cents in April. Buoyed by the re-election of the incumbent and supportive Malaysian government, Lynas shares have been on a consistent rise since the start of this month, climbing 37% since May 3. The company has a rare earths processing plant in Malaysia, and is in the process of ramping up to peak production
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