Molycorp Inc. (MCP) announced the start-up of its new Project Phoenix heavy rare earth concentrate facilities at Mountain Pass, California after the bell Monday. The stock is now up 0.50 on 312K shares.
Molycorp dipped in early trade Monday, but settled into a range for the majority of the session. The stock closed down by 0.09 at $9.52 and finished near the lows of the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.