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Euphoria over Molycorp deal may soon turn to despair. China's grip is as strong as ever and rare earth prices are still dropping

Frik Els | March 09, 2012 | 11:50 pm Base Metals Battery Metals Energy China Europe Molybdenum Rare Earth 

Molycorp's mould-breaking deal with Neo Material Technologies sent its shares rocketing in New York on Friday. By lunchtime the stock was trading at $30.09, up 15.8%, on volumes already close to triple the daily average. The counter is still down...

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