Shares of rare earth element metal miner Molycorp soared

Jan. 04, 2011 07:06PM PST

Forbes.com reports shares of rare earth element metal miner Molycorp soared Monday after an analyst at Dahlman Rose & Co raised the price target to $85 from $49.

The market news is quoted as saying:

Shares are higher by over 12%.Shares of LDK Solar ( LDK – news – people ) are higher after it announced that it plans to sell a minority stake of its polysilicon unit to a group of investors for $240 million.

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