Shares of Molycorp Inc. (NYSE: MCP) are soaring in
trading today after the Greenwood Village, Colorado-based company announced that
it has secured 78% of its Phase 1 rare earth production in customer agreements and
XSORBX™ production.
Molycorp shares rose to an intra-day high of $25.14
today. At last check, the stock was up more than 4%.
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