Rare Earth Sector Ticking Lower After MolyCorp CNBC Appearance (MCP, REE, SHZ)

After a brief CNBC appearance touching on the mining operations of MolyCorp MCP, shares of MolyCorp have reversed from their 3.5-point highs today and are now barely positive on the session. At last check shares of MolyCorp were trading at $49.64. Shares of Rare Element Resources REE have also reversed from their earlier heights, down over $1.30 from today's session high. Likewise China Shen Zhou Mining SHZ is also lower from its earlier heights, down over $0.40 to $5.42 at last check.