Malaysian Court Rules in Lynas Favor - Molcorp Investigated by SEC
12.11.2012 | Marketwired
The Paragon Report Provides Stock Research on Lynas and Molycorp
NEW YORK, 11/12/12 - After a strong start to the year rare earth stocks have fallen sharply as new sources of production outside of China has pressured rare earth prices lower. Market Vectors Rare Earth/Strategic Metals ETF (REMX) has fallen over 18 percent year-to-date. The Paragon Report examines investing opportunities in the Rare Earths Industry and provides equity research on Lynas Corp. Ltd. (PINKSHEETS: LYSCF) and Molycorp Inc. (NYSE: MCP).
Access to the full company reports can be found at:
www.ParagonReport.com/LYSCF
www.ParagonReport.com/MCP
Rare earths are a group of 17 minerals crucial for the manufacturing of popular products such as hybrid cars, flat-screen TVs and mobile phones. China has been the primary supplier of rare earths responsible for approximately 90 percent of the world rare earth consumption, while only holding a third of the world's reserves. Companies had increased their focus on bringing new rare earth production online after China's decision last year to cut exports boosted prices and sparked concern among overseas users about access to supplies. A Malaysian court has recently approved the start of Lynas' rare earth refinery in northern Pahang state, which will become the first new rare earth source outside of China in years.
Paragon Report releases regular market updates on the Rare Earths Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Lynas had received a temporary operating license for their new rare earths facility in September but encountered opposition from activists who had protested for an injunction. The company estimates it will produce 22,000 metric tons of rare-earth materials once it reaches full capacity in late 2013. Shares of the company have fallen 25 percent year-to-date.
Molycorp's Project Phoenix expansion is set to bring an additional 19,050 metric tons of production by the end of 2012. The company has recently reported that it is being investigated by the U.S. Securities and Exchange Commission for accuracy of their public disclosures. Since reaching a high of $77.54 a share in May 2011 shares of the company have fallen sharply along with rare earth prices.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.paragonreport.com/disclaimer
NEW YORK, 11/12/12 - After a strong start to the year rare earth stocks have fallen sharply as new sources of production outside of China has pressured rare earth prices lower. Market Vectors Rare Earth/Strategic Metals ETF (REMX) has fallen over 18 percent year-to-date. The Paragon Report examines investing opportunities in the Rare Earths Industry and provides equity research on Lynas Corp. Ltd. (PINKSHEETS: LYSCF) and Molycorp Inc. (NYSE: MCP).
Access to the full company reports can be found at:
www.ParagonReport.com/LYSCF
www.ParagonReport.com/MCP
Rare earths are a group of 17 minerals crucial for the manufacturing of popular products such as hybrid cars, flat-screen TVs and mobile phones. China has been the primary supplier of rare earths responsible for approximately 90 percent of the world rare earth consumption, while only holding a third of the world's reserves. Companies had increased their focus on bringing new rare earth production online after China's decision last year to cut exports boosted prices and sparked concern among overseas users about access to supplies. A Malaysian court has recently approved the start of Lynas' rare earth refinery in northern Pahang state, which will become the first new rare earth source outside of China in years.
Paragon Report releases regular market updates on the Rare Earths Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Lynas had received a temporary operating license for their new rare earths facility in September but encountered opposition from activists who had protested for an injunction. The company estimates it will produce 22,000 metric tons of rare-earth materials once it reaches full capacity in late 2013. Shares of the company have fallen 25 percent year-to-date.
Molycorp's Project Phoenix expansion is set to bring an additional 19,050 metric tons of production by the end of 2012. The company has recently reported that it is being investigated by the U.S. Securities and Exchange Commission for accuracy of their public disclosures. Since reaching a high of $77.54 a share in May 2011 shares of the company have fallen sharply along with rare earth prices.
The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.paragonreport.com/disclaimer