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Stock Market & Financial Investment News

News Breaks
January 10, 2013
11:43 EDTMCP, AVL, SHZ, REERare earth miners fall after Molycorp revenue, cash flow guidance
Shares of "rare earth" mining company Molycorp (MCP) are sharply lower after the company forecast lower than expected 2013 revenue and cash flow, citing the combination of the ramp-up schedule for its Mountain Pass project and the current rare earth pricing environment. The company also noted it will not complete Phase 2 construction at Mountain Pass until until market demand, product pricing, capital availability, and financial returns justify additional increases in production beyond Phase 1. J.P. Morgan added to the negative sentiment by lowering its price target on the shares to $5 from $8 while maintaining an Underweight rating. In late morning trade, Molycorp slid nearly 22% to $8.44. Other rare earth miners have seen their shares slip as well, with China Shen Zhou Mining (SHZ) down over 3%, Rare Element Resources (REE) falling nearly 4% and Avalon Rare Metals shedding about 6%.
News For SHZ;MCP;REE;AVL From The Last 14 Days
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February 1, 2016
17:11 EDTREERare Element to voluntarily delist from NYSE
Rare Element has notified the NYSE of its decision to voluntarily delist its common shares from the NYSE due to costs associated with the continued listing and NYSE continued listing requirements. The company anticipates that the last day of trading for its common shares on the NYSE will be on or about February 22. The company intends to have its shares traded on the OTC Pink Current Information marketplace once the delisting from NYSE is complete.

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