Molycorp Retraces All Of Its Losses (MCP)

Shares of Molycorp, Inc. MCP have retraced all their losses today, after shares dropped sharply this morning on news that Chinalco ACH had been granted rare earth mining rights in China. At last check, shares of Molycorp were trading at $71.94, a gain of 6 cents. Shares had been as low as $67.81 earlier in the session.