Dramatic Downturn in Rare Earth Prices Raises Concerns for Molycorp and Rare Element Resources

The Bedford Report released research on Molycorp (NYSE:MCP) and Rare Element Resources (TSX:RES,AMEX:REE).

As quoted in the press release:

Trying to cash in while demand is still growing, Molycorp recently announced that it is speeding up plans to modernize and expand its flagship rare earth facility in Mountain Pass, Calif. The company is investing $114 million to increase its production rate, hitting certain goals three months earlier than planned.

Click here for the Bedford Report press release.