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Molycorp, Inc. (MCP) is the owner of the largest rare earth deposit outside of China. As rare earth prices have continued to trend lower, so has Molycorp's stock. Along with many other commodity-linked companies, Molycorp declined significantly in the second quarter.With Molycorp's recent acquisition of Neo Material Technology, the company is positioned to be the low-cost, most technically capable, vertically integrated global provider.We believe this is not reflected in the current value of the stock. (David Goldsmith)
Baron Funds Comments on Molycorp
From Baron Funds' second quarter commentary:
Molycorp, Inc. (MCP) is the owner of the largest rare earth deposit outside of China. As rare earth prices have continued to trend lower, so has Molycorp's stock. Along with many other commodity-linked companies, Molycorp declined significantly in the second quarter.With Molycorp's recent acquisition of Neo Material Technology, the company is positioned to be the low-cost, most technically capable, vertically integrated global provider.We believe this is not reflected in the current value of the stock. (David Goldsmith)
Molycorp, Inc. (MCP) is the owner of the largest rare earth deposit outside of China. As rare earth prices have continued to trend lower, so has Molycorp's stock. Along with many other commodity-linked companies, Molycorp declined significantly in the second quarter.With Molycorp's recent acquisition of Neo Material Technology, the company is positioned to be the low-cost, most technically capable, vertically integrated global provider.We believe this is not reflected in the current value of the stock. (David Goldsmith)
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