Molycorp News

The slowdown in the Chinese economy last year had a significant impact on the mining industry.

Shares of Molycorp Inc shot 20% higher last week after first-quarter earnings were released and investors bet the company will finally be able to turn its fortunes around .

Molycorp Inc was a favorite among bullish traders on Friday, after the company reported stronger-than-expected quarterly revenue on Thursday.

Molycorp Inc was in 14 hedge funds' portfolio at the end of the fourth quarter of 2012.

Following earnings results that showed a smaller-than-expected loss in the first quarter, rare-earth minerals miner Molycorp Inc surged 31% high on Friday as investors seemed thankful that the modernization of its main Mountain Pass mine hasn't been derailed.

The Dow Jones Industrial Average is down 31 points, or 0.2%, to 15,051.53 , amid comments made by Ben Bernanke during a speech in Chicago today.

Top Stories Dollar rises above 100, Nikkei Soars. For the first time since April of 2009, the yen fell through the 100-level against the dollar, helping the Nikkei rally nearly 3% on the session and almost 7% on the week.

Following the market opening Friday, the Dow traded up 0.13 percent to 15,102.64, while the NASDAQ gained 0.42 percent to reach 3,423.62. The S&P also rose, increasing 0.20 percent to 1,629.90. Top Headline Gold futures saw a sharp decline on Friday, on the back of the extended rally of the US dollar against the Japanese Yen.

Inc.'s 5.50% Series A Mandatory Convertible Preferred Stock will trade ex-dividend, for its quarterly dividend of $1.375, payable on 6/1/13. As a percentage of MCP.PRA's recent share price of $22.99, this dividend works out to approximately 5.98%, so look for shares of MCP.PRA to trade 5.98% lower - all else being equal - when MCP.PRA shares open ... (more)

Bloomberg's Betty Liu, Alix Steel and Michael McKee report on today's ten most important stocks including Dell, Hess and Verizon.

's stock had its "neutral" rating restated by analysts at Goldman Sachs in a research report issued to clients and investors on Friday, StocKRatingsNetwork.com reports.

U.S. stock futures were little changed, with the Standard & Poor's 500 Index poised for a third straight week of gains, as investors weighed the pace of central bank stimulus amid a meeting of finance ministers.

Fannie Mae. The mortgage giant said something Thursday that would have been unthinkable a few years ago: It earned a record $58.7 billion profit in the January-March quarter.

For the second time, exploratory drilling is underway in an area around Pajarito Mountain on the Mescalero Apache Reservation in a search for financially viable sources of rare earth elements to mine.

HIGHLIGHTS: * The Company sold 3,274 metric tons of product at an average sales price, or ASP, of $44.71 per kilogram for the first quarter of 2013.

Good day, ladies and gentlemen, and welcome to the Q1 2013 Molycorp Inc. Earnings Conference Call hosted by Mr.

ROB Insight is The Globe and Mail's exclusive feature led by a team of award-winning editors and writers who provide you with in-depth analysis on breaking business news and the issues that matter most.

Greenwood Village-based Molycorp Inc. reported a wider quarterly loss on Thursday even as its revenue rose, hurt by higher costs.

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. , www.nasd-law.com , announced today that it is investigating claims of Molycorp, Inc.

Put volume was unusually heavy on Molycorp Inc yesterday, with nearly 9,000 contracts crossing the tape -- representing 1.84 times the stock's average daily activity.