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starbuxsux

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starbuxsux

Re: Bare1 post# 41

Monday, 03/23/2015 9:18:04 AM

Monday, March 23, 2015 9:18:04 AM

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Molycorp +22% premarket after 60 Minutes report • 8:42 AM
Carl Surran, SA News Editor
Molycorp (NYSE:MCP) +22.2% premarket after 60 Minutes aired a report last night on the importance of rare earth elements.
The basis of the report is that modern U.S. life - from smartphones to cars to defense missiles - depends on rare earth elements, but that China dominates the industry
Investors may be hoping the telecast sparks renewed interest in legislation in Congress calling for subsidies for the U.S. rare earths industry.

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