23.03.2011 - Traders return to rare-earth metals
Options traders climbed back aboard the rare-earths bandwagon, dismissing worries that Japan's earthquake would hamper demand for the sought-after minerals and thus the stocks of companies in the sector. Options traders staged a rush of bullish activity targeting Molycorp and Rare Element Resources after Molycorp's chief executive told conference-goers in Toronto that prices are "significantly higher than we anticipated" and that Japan's quake didn't impact sales in that country, according to a Reuters report..............................................Full Article: Source
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