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Rare Earth Stocks Lifted by Chinese Campaign to Shut Down Unlicensed Mines
Jul. 12, 2013 10:29AM PST
Rare Earth InvestingValueWalk reported that rare earth companies, including Molycorp, got a boost this week on steps China has taken to shut down unlicensed mines.
ValueWalk reported that rare earth companies, including Molycorp, got a boost this week on steps China has taken to shut down unlicensed mines.
As quoted in the market report:
Analyst Luisa Moreno of Euro Pacific said that the stocks gained due to steps taken by China. Stocks are advancing because China has launched a campaign to shutter down the unlicensed mines in China’s Ganzau. Moreno holds the view that the funds are buying various related companies.