Green Touch Builders | Molycorp shares soar after '60 Minutes' rare-earths report (Video)
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March 23, 2015 By SEO Admin

Molycorp shares soar after '60 Minutes' rare-earths report (Video)

Shares in Colorado-based rare-earths miner Molycorp Inc. jumped 26 percent in Monday’s trading on the New York Stock Exchange following Sunday’s “60 Minutes” segment on the company.

Shares were up 9 cents on the day, closing at 45 cents, and continued to rise in after-hours trading.

Ironically, the “60 Minutes” report (watch it in the viewer at lower right) said that “trouble is … looming for the U.S. rare earth industry. Since restarting operations two years ago, Molycorp’s [mine in Mountain…