Molycorp named a Best Pick for 2014 at DA Davidson DA Davidson named Molycorp as a Best Pick for 2014 following heavy modernization and expansion investments at the Mountain Pass facility and reduced Chinese export quotas. The analyst said Molycorp is positioned to become the most prominent, vertically integrated, low-cost supplier of rare earth materials outside of China and that specific company concerns are now behind the company. Shares are Buy rated with a raised price target of $8 from $6 previously.
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China bureau said to be likely to stockpile rare earth in May, SMM says China's State Reserve Bureau might stockpile rare earth as soon as May should its talks proceed smoothly, according to Shanghai Metals Market, citing sources. Stocks in the Rare Earths space include Molycorp (MCP) and Rare Element (REE). Reference Link