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NEW YORK (AP) -- Molycorp. Inc. said Wednesday that it will supply rare earth materials for use in Siemens AG's wind turbine generators over the next 10 years.
Shares of Greenwood Village, Colorado-based rare earth and metal materials company jumped 26 cents, or 49 percent, to reach 80 cents in premarket trading.
Molycorp will supply materials such as dysprosium, from its Mountain Pass, California facility. The material will be used in magnets for wind turbines.
Molycorp's stock has lost most of its value since peaking above $70 in 2011.
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Molycorp Minerals LLC
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DEVELOPMENT STAGE |
CODE : MCP |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Molycorp Minerals is a exploration company based in United states of america. Molycorp Minerals develops rare earth in USA. Its main asset in development is MOUNTAIN PASS in USA. Molycorp Minerals is listed in United States of America. Its market capitalisation is US$ 37.3 millions as of today (€ 34.1 millions). Its stock quote reached its highest recent level on December 28, 2012 at US$ 9.98, and its lowest recent point on January 30, 2015 at US$ 0.28. Molycorp Minerals has 103 950 000 shares outstanding. |