Molycorp got ignited by a rumor that Sumitomo is considering to buy a stake in the company.
The other Rare Earth company that is easily tradable in the U.S. markets, Rare Element, got dragged up today in sympathy with MCP.
Novagold Resources made a restart in its 6 weeks old sharp up-trend. Hard to tell whether this was an independent move or not. It started directly after the bell together with other mining stocks, while MCP and REE needed the first whisper of the rumor to get rolling.
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