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Molycorp Surging as Acquirer as China Raises Rare Earth Stakes
Mar. 06, 2011 08:30PM PST
Rare Earth InvestingBloomberg reported that Molycorp is able to pursue acquisitions because of increased company value due to China’s control of rare earths.
Bloomberg reported that Molycorp is able to pursue acquisitions because of increased company value due to China’s control of rare earths.
The market news is quoted as saying:
Molycorp is now valued at 117 times earnings before interest, taxes, depreciation and amortization this year.