Molycorp Set Up For A Classic Short Squeeze

Seeking Alpha reported on the outlook for Molycorp (NYSE:MCP).

The market news is quoted as saying:

It hasn’t hurt MCP’s earnings that the average sale price for its rare earths rose to $72.10 per kilogram equivalent, compared with $7.16 per kilogram in the year ago quarter. This price was also up from the mid-$30 range in the previous quarter.

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