Rare Earth Stocks Lifted by Chinese Campaign 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.

To view the whole ValueWalk report, click here.