Shares of Molycorp Inc. MCP are up roughly 30 percent on Tuesday following a favorable company update.
Molycorp Inc. announced that fourth quarter production at its Mountain Pass facility nearly doubled from the previous quarter.
Following the announced other rare-earth exploration companies are tending higher:
Rare Element Resources Ltd. REE +13%
Tasman Metals Ltd. TAS +13%
Avalon Rare Metals Inc. AVL +9%
Market Vectors Rare Earth ETF REMX +2.8%
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