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Molycorp (MCP) pushed the Basic Materials sector lower today making it today's featured Basic Materials laggard. The sector as a whole closed the day up 0.5%. By the end of trading, Molycorp fell 16 cents (-2.1%) to $7.46 on light volume. Throughout the day, 4.9 million shares of Molycorp exchanged hands as compared to its average daily volume of 9.9 million shares. The stock ranged in price between $7.40-$7.71 after having opened the day at $7.68 as compared to the previous trading day's close of $7.62. Other companies within the Basic Materials sector that declined today were: BMB Munai (BMBM), down 22.1%, Penford Corporation (PENX), down 10.9%, GeoGlobal Resources (GGR), down 10.2%, and Sutor Technology Group (SUTR), down 8.5%.