CMOC pops

China Molybdenum (洛阳栾川钼业) produces molybdenum and tungsten. It is a holding in REMX, the rare earth ETF I mentioned yesterday. Shares are up nearly 30% in Friday trading in Hong Kong (3993.HK), on no news...as of yet.

Update: China plans to restrict molybdenum mining in 2011. Same factor fueling the rare earth rallies.