Molycorp Inc. (MCP) announced after the bell Tuesday that its Board of Directors has appointed Constantine Karayannopoulos as Interim President and CEO and is immediately undertaking a search for a permanent President and CEO. He succeeds Mark A. Smith, who has left the Company. The stock is now down 0.65 on 858K shares.
Molycorp posted modest gains in early trade Tuesday, but settled into a range for the majority of the session. The stock closed up by 0.63 at $11.33. Molycorp finished at nearly a 2-month high.
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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.