Rare Earth Prices to Remain High - North American Explorers Look Strong in the Long Term

The Bedford Report released research on Molycorp (NYSE:MCP) and Ucore Rare Metals (TSXV:UCU,PINK:UURAF).

The press release is quoted as saying:

Colorado-based Molycorp Inc. plans to increase output to 40,000 tons a year by the end of 2015. Last week Molycorp, owner of the largest rare-earth deposit outside of China, broke off funding talks with the Japanese trading company Sumitomo Corp, as the rare earth explorer found other sources for the $781 million it needed to expand its rare-earth mine and manufacturing facility at Mountain Pass, California.

Click here to read the entire news release.