China Rare Earth Hoarding Boosts Molycorp and Rare Element

Paragon Report released research on the rare earth industry, Molycorp (NYSE:MCP), and Rare Element Resources (AMEX:REE).

As quoted in the press release:

Molycorp, Inc. recently announced the closing of its previously announced placement of 12.5 million shares of Molycorp common stock with Molibdenos y Metales S.A. (Molymet), for approximately $390 million.

Click here for the Paragon Report press release.