Molycorp's shares plunge on SEC investigation; Loss Beats Estimates as Rare-Earth Sales Rise

Molycorp's shares plunge on SEC investigation
Businessweek
NEW YORK (AP) - Shares of Molycorp Inc. plunged to an all-time low Friday after it disclosed that the Securities and Exchange Commission has launched a formal investigation into the accuracy of the rare earth minerals company's public disclosures.

Molycorp Loss Beats Estimates as Rare-Earth Sales Rise
Bloomberg
Molycorp Inc. (MCP), owner of the largest rare-earth deposit outside China, posted a smaller-than-expected quarterly loss as sales rose after customers began returning to the market.



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