If rare-earth mining companies are the new dotcom stocks, as one analyst has put it, then Molycorp looks the most like Amazon.
With a $379m fundraising in August and an asset with a proven history of large-scale production, the Colorado-based company seems uniquely well-placed to profit from the alarm over supplies of rare earths caused by restrictions on Chinese exports.
Yet, even Molycorp, with a market capitalisation of about $2.6bn, still has several obstacles to surmount to realise its ambition of becoming the first company to open a rare-earth mine in the US for five decades.
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