Molycorp (MCP) Launches Rare Earth Based Water Purification Technology

water purification Molycorp (MCP) is known as the emerging US based rare earth metals miner and the stock has soared in anticipation of successful mining of these important metals in the coming years.  However, the company has some other revenue streams in the works.  The company on Friday announced that its rare earth metals based water purification technology was available for commercial use. 

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Mark Smith, Chief Executive Officer of Molycorp, added: "The commercialization of XSORBX(TM) is an important milestone for Molycorp. It has enormous potential to help meet the unique drinking water challenges faced by the U.S. Armed Forces as well as nations that face challenges with delivering potable water on a daily basis. These are exciting areas of growth for our product."

Shares of MCP continue to surge with heavy volume and aren’t showing any signs of weakening yet, but I wouldn’t touch it up here.  In my opinion there is a good chance of touching the $30 level, but this stock is in great need of some kind of digestion period.

One thought on “Molycorp (MCP) Launches Rare Earth Based Water Purification Technology”

  1. Dear Sir or Madam,
    We need the best and safest device for producing electricity and freshwater (drinkable) which could work with natural fuel and 90% efficiency. The machin should have the ability to purify 15Liters of water per second by means of steam. In addition the machine is attached to the city network consumption, the distance betwee them is 200M.
    It is necessary to inform you that for purify 15 Liters of water we need 550mq140 Celsius steam.
    Now we need to know your most cometitive price and the best services that you could provide for us.
    I will appreciate your prompt reply.
    Yours Sincerly

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