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    market news

    Molycorp Increases Rare Earth Reserve Estimate

    Investing News Network
    Apr. 09, 2012 12:16PM PST
    Rare Earth Investing

    Reuters reported that Molycorp (NYSE:MCP) increased the rare earth reserve estimate for the California-based Mountain Pass mine.

    Reuters reported that Molycorp (NYSE:MCP) increased the rare earth reserve estimate for the California-based Mountain Pass mine.

    As quoted in the market news:

    MolyCorp, based in Greenwood Village, Colorado, now estimates reserves at 2.94 billion pounds of contained rare earth oxide equivalent, compared with a previous estimate of 2.24 billion pounds.

    Click here to read the full Reuters report.

    nyse:mcpmarket newsmountain pass mine
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