Rare Element Resources Ltd.
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Molycorp losing the Investor Confidence?
By Sandeep Gupta - March 16, 2013 | Tickers: AVL, MCP, REE
Molycorp, Inc. (NYSE: MCP), a leading manufacturer of rare earth and rare metal products announced the financial results for the year 2012 on March 14th. The company reported annual revenue of $528.9 million and a loss of $460.9 million or $4.31 per share. Loss has been primarily due to $258 million write-down on the acquisition of Neo Materials.
High loss and weak outlook suggests that Molycorp more »
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What’s Driving Molycorp?
By Douglas Ehrman - November 26, 2012 | Tickers: AVL, MCP, REE
Friday’s abbreviated trading session saw shares of rare earth standard-bearer Molycorp (NYSE: MCP) jump by nearly 19% to cap off a 41% rise on the week and make it the largest gainer on the New York Stock Exchange. While various stories have attributed the rise to insider buying by company officials – an apparent indication of management’s belief in the company – the announcement that China will begin subsidizing the more »
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Is Molycorp a Falling Knife?
By Douglas Ehrman - November 12, 2012 | Tickers: AVL, MCP, REE
There is an old adage amongst traders that states “don’t try to catch a falling knife.” In case it is not abundantly obvious, knives fall blade first, meaning that unless you just happen to get lucky, the attempt will probably result in you getting cut. Of course, Warren Buffett is on record as saying that the best time to buy is when there is blood in the street – after more »
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Is This Rare Earth Metals Company a Good Buy?
By Meena Krishnamsetty - October 23, 2012 | Tickers: AVL, MSBHY.PK, MCP, REE
Molycorp (NYSE: MCP), the rare earth metals company, is down over 50% year to date and also made our list of terrible 20 stocks, given its high short interest and stock price under performance. With the company down drastically and the rising demand for key rare earth component products, such as smartphones and hybrid vehicles, is Molycorp a buying opportunity?
Molycorp’s August announcement of plans to raise $450 million more »
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Is It Finally Time to Buy Molycorp?
By Douglas Ehrman - October 3, 2012 | Tickers: AVL, MCP, REE
With the nearly 24% selloff in Molycorp (NYSE: MCP) since September 18, which kicked off with a nearly 11% rise during the Monday session a few weeks ago, many have been wondering if it is finally time to establish a position in the company. The rare earth sector has been a classic example of the interaction of supply and demand, with a healthy dose of Chinese unpredictability thrown in for more »
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Molycorp’s Swirling Outlook
By Douglas Ehrman - September 17, 2012 | Tickers: AVL, MCP, REE
Over the past few weeks, several competing global macroeconomic events have influenced the rare earth sector and the companies within it. Molycorp (NYSE: MCP), which is generally considered the standard-bearer for the sector, is likely to see a positive impact from last week’s Fed action, while the action out of Asia should have a mixed effect. Before committing capital in this space, it is critical to understand the changing more »
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Molycorp and the Return of Rare Earth
By Douglas Ehrman - August 28, 2012 | Tickers: AVL, MCP, REE
While most companies in the rare earth space have tumbled over the last several months, two significant catalysts were recently announced that have the potential to reverse this trend. First, Molycorp Inc. (NYSE: MCP) announced that its Phoenix Project in Mountain Pass, California began operations on schedule and is expected to reach full Phase 1 production during the fourth quarter. The after-hours announcement drove the stock higher in extended trading more »
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Rare Earths Poised for a Turnaround
By Tony Daltorio - August 15, 2012 | Tickers: AVL, REMX, MCP, REE
Rare earths are 17 chemically similar metallic elements that have a wide variety of uses in today's high-tech world including in the defense, electronics and renewable energy industries. Many major firms such as Apple and Boeing rely on having access to rare earths.
That is why the politicians in the U.S. were in such an uproar a couple of years ago when prices for rare earths were skyrocketing more »
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Bolivian Political Risk Rising Fast
By Calla Hummel - July 10, 2012 | Tickers: GLEN, HAL, PBR, PKX, REE
Few characterize Bolivia as politically or economically stable, but the past three months have seen an unusual upswing in nationalizations and other political moves against established projects, especially foreign mineral extraction projects. Bolivia currently boasts a historically rare bill of macroeconomic health – decent, steady growth of about 4% annually, large foreign reserves, little debt, low inflation – largely due to revenue from the last decade’s commodity boom, according to Dr more »