Global scramble for critical minerals fuelling protectionism
Protectionism is rising across 72 nations as governments vie for critical minerals, Verisk Maplecroft research shows.
Market Oracle reported on recent gains in shares of Molycorp (NYSE:MCP).
The market news is quoted as saying:
The price drivers today are plentiful: Financial Times reports that rare earth materials are being stockpiled in China, Piper Jaffray upgraded Molycorp to a buy, and a host of analysts piled on with positive assessments of the rare earth industry in general.
