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Molycorp CEO Mark Smith on Tuesday downplayed the impact of speculative buying of rare earths, saying that while it may have temporarily caused prices to escalate, the supply and demand

fundamentals remain unchanged. "While there may be a short-term impact here, Molycorp remains very, very bullish on the prices of these materials," Smith said. "In fact,

we're experiencing the highest margins ever in the history of our company." Smith said there was some speculative buying of rare earth materials in Shanghai, China earlier this

year, which may have caused the prices to escalate faster than they were going to. With the release of that material during August, though, Smith has seen some relaxation of the price. The

Chinese government hasn't released information regarding the issue of speculative buying, but Smith said he got his information by attending a conference on rare earths that took place

in China last week. Smith is scheduled to testify before the U.S. Congress on Wednesday. He will address the benefits of the U.S. having a strategic rare earths reserve, much like it has an

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_If you'd prefer to make a comment, but not have it published on our Web site, send those e-mails to _Trader disclosure: On Sept. 20, 2011, the following stocks and commodities

mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour owns (AAPL), (BAC), (INTC) and (DIS). Guy Adami owns

(AGU), (C), (GS), (INTC), (MSFT), (NUE) and (BTU). _ _KAREN FINERMAN Finerman and Finerman’s firm own AAPL short calls Finerman owns (BAC) and Finerman’s firm own (BAC) leaps Finerman owns

GOOG Finerman’s firm owns IBM Finerman’s firm owns JPM leaps Finerman and Finerman’s firm own MSFT Finerman and Finerman’s firm own ORCL Finerman owns IWM Finerman owns MDY Finerman owns

SPY_ _JOE TERRANOVA Terranova is long VRTS Terranova is long OXY Terranova is long HOS Terranova is long OIH Terranova is long CVI Terranova is long AXP Terranova is long EMC Terranova is

long WFM Terranova is long AMZN Terranova is long WFC Terranova is long AAPL Terranova is long IBM_ _STEVE WEISS Weiss is long AAPL Weiss is long QCOM Weiss is short NFLX _ _MIKE KHOUW

Cantor Fitzgerald is a market maker in ADBE Cantor Fitzgerald is a market maker in AMZN Cantor Fitzgerald is a market maker in AAPL Cantor Fitzgerald is a market maker in BAC Cantor

Fitzgerald is a market maker in CSCO Cantor Fitzgerald is a market maker in C Cantor Fitzgerald is a market maker in CSTR Cantor Fitzgerald is a market maker in CMCSA Cantor Fitzgerald is a

market maker in DHI Cantor Fitzgerald is a market maker in DTV Cantor Fitzgerald is a market maker in EL Cantor Fitzgerald is a market maker in XLF Cantor Fitzgerald is a market maker in FCX

Cantor Fitzgerald is a market maker in GS Cantor Fitzgerald is a market maker in GR Cantor Fitzgerald is a market maker in GOOG Cantor Fitzgerald is a market maker in IBM Cantor Fitzgerald

is a market maker in INTC Cantor Fitzgerald is a market maker in IPG Cantor Fitzgerald is a market maker in JPM Cantor Fitzgerald is a market maker in JNPR Cantor Fitzgerald is a market

maker in KBH Cantor Fitzgerald is a market maker in LVS Cantor Fitzgerald is a market maker in LEN Cantor Fitzgerald is a market maker in MTW Cantor Fitzgerald is a market maker in GDX

Cantor Fitzgerald is a market maker in MGM Cantor Fitzgerald is a market maker in ORCL Cantor Fitzgerald is a market maker in PHM Cantor Fitzgerald is a market maker in QCOM Cantor

Fitzgerald is a market maker in RAH Cantor Fitzgerald is a market maker in GLD Cantor Fitzgerald is a market maker in TOL Cantor Fitzgerald is a market maker in TRV Cantor Fitzgerald is a

market maker in XLU Cantor Fitzgerald is a market maker in WFM Cantor Fitzgerald is a market maker in WYNN_ _JON NAJARIAN Najarian is long AAPL through call spreads Najarian is long ARMH

through call spreads Najarian is long IBM through call spreads Najarian is long V through call spreads Najarian is long LVS through call spreads Najarian is long WYNN through call spreads

Najarian is long XOM through call spreads Najarian is long CIGX outright_ _BRENT THILL The U.S. equity strategist, a member of his team, or one of their household members has a long common

stock position in Oracle Corporation._ _CARTER WORTH **no disclosures_ _CNBC.com with wires_