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Molycorp Gets a Helping Hand

By Doug Ehrman - Apr 11, 2013 at 11:01AM

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Sector news helped to drive this once-beloved stock higher, but its future is by no means certain.

Alcoa's (AA) earnings release on Monday primed the materials sector to surge higher on Tuesday based on some bullish comments made by the company. One beneficiary of the remark was rare-earth element standard bearer Molycorp (NYSE: MCP). The stock has struggled all year, but has been fighting off of recent all-time lows as it looks to regain investor confidence.

In the video below, Fool.com contributor Doug Ehrman discusses the importance of the Alcoa news on Molycorp, the outlook for the company for the rest of the year, and what positions you may wish to take as the stock moves ahead.

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Stocks Mentioned

Alcoa Inc. Stock Quote
Alcoa Inc.
AA
Avalon Advanced Materials Inc. Stock Quote
Avalon Advanced Materials Inc.
AVLNF
$0.10 (-2.94%) $0.00

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