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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