MCP was a really big speculation play when china (which dominates the rare minerals) was threatening to curtail exports…Those rare minerals are used a lot in technology components, but the majority of it is mined overseas in china…. MCP is one of the mining companies in U.S., so when they announced they would start mining in U.S., during that time it shot up due to speculation….At the time tech was demand smartphone shipments, computer shipments, high. So speculators thinking there would be a rare m. crunch, pushed this company another others way up…
Well, the euro crisis fiasco happened, as well as other things…Tech companies cut back on their outlook And suddenly, the speculation of demand for rare m. seemed to fallen…Also, china relaxed a bit, dropping the fear of rare m. shortages even further…Looks like we might be back to square 1 when China again is going to impose export limits….So it would be interesting to see what happens…. Not suggesting one buys now, or that even MCP is a good company to play in this space…But I just want to wait and see what happens…..Caution…extremely extremely risky…
