"No China rare earth embargo to U.S. and EU: Molycorp CEO" (MCP; REE; AVL.TO; LYC.AU)

After trading up almost 12% today Molycorp is givng back 1% after hours.
From Reuters:

China will reduce exports of rare earth metals under quota reductions announced in July, but will not completely restrict supplies to the United States and the EU, Molycorp Inc CEO Mark Smith said on Tuesday....MORE