Dallas, TX 1/4/2012 3:52:03 AM
News / Finance

Molycorp Shares Soar after Company Secures 78% of Phase 1 Rare Earth Production in Customer Agreements and XSORBX™ Production (MCP)

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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