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Molycorp Inc., owner of the world’s largest rare-earth deposit outside China, rose the most in three months in New York as mineral prices surged and concern about the impact of Japan’s earthquake abated.
Molycorp climbed $7.89, or 18 percent, to $52.57 in New York Stock Exchange trading Tuesday.
Chief executive Mark Smith said Monday that rare-earth prices are “significantly higher” than the company anticipated, according to Reuters.
