New York, NY -- (SBWIRE) -- 11/20/2012 -- Molycorp Inc (NYSE:MCP) is currently trading at $7.11, 7.24% higher. Molycorp, Inc. (Molycorp) is a rare earth oxide (REO) producer in the Western hemisphere. The Company owns developed rare earth projects outside of China. The Company also owns rare earth oxide and rare metal producer in Europe. Read the full press release at http://www.sbwire.com/press-releases/sbwire-181585.htm