rare earth metals
Directors, executive officers and other insiders of Molycorp, Inc., (NYSE: MCP) get their first opportunity tomorrow to sell their shares in the company since its initial public offering (IPO) in late July.
Molycorp is the cornerstone of the U.S. effort to gain a foothold in the production of rare earth elements (REEs), critical ingredients in wind turbines, electric vehicles, thin-film photovoltaic (PV) solar system and high-efficiency lighting.
It has been said that a cleantech revolution is impossible without access to rare earth metals. Well, Germany is now telling the international community that China, the world's largest miner of rare earth metals, is refusing to trade these elements to certain countries.