Global Rare Earth Element News
Rare earths share in this week's rising tide in commodities
Global Rare Earth Elements News
Friday, 27 May 2011 10:43

Rare earth equities finished the week higher after commodities staged a recovery. While rare earth equity prices sometimes look for support from commodities prices, such as oil and precious metals, this week rare earth equities arguably took the lead, as rare earth stocks outperformed others in the sector.

Molycorp (MCP) pronounced dead by some traders early in the week after the company filed with the SEC to issue another 11.5 million shares, finished the week with two up days, locking in more than a 10% rebound from the mid May lows. Canadian miner Rare Element Resources (REE) is up 20% the last ten days and received a bump Friday as the company started trading on the Toronto Stock Exchange.

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Reuters spin on China's export report
Global Rare Earth Elements News
Tuesday, 24 May 2011 08:52

Recent analysis of China's rare earth exports indicates a drop of 53 percent year over year to April. This contradicts China's report of 46 percent rise. The analytical difference is possibly attributed to changes in the way China reports such figures. A Reuters' analysis also indicated a 1000 percent increase in average export value year over year, mostly due to last year's squeeze, but figures still indicate a 2.4 percent increase from March to April.

Rare earth equity prices outside of China have risen substantially since last year, though recently were affected, like many commodities, by the downdraft seemingly triggered by CME's action to raise margins on silver futures. With precious metals stabilizing, there is some speculation that another rise in rare earth equities may be due.

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Large rare earths deposits under study in Afghanistan
Global Rare Earth Elements News
Monday, 14 February 2011 10:49

flag-icon-afAfghanistan has vast mineral reserves which have been detailed in several surveys. A 2007 U.S. Geological Survey (USGS) preliminary assessment conducted for Afghanistan included 1.4 million metric tons of rare earth elements in southwest Helmand province plus other strategic and industrial metals, including 3.5 million metric tons of niobium. The Afghan Ministry of Mines says there is more elsewhere in the country. The Afghan Geological Survey, which is mapping the country’s mineral resources with help from the Task Force for Business and Stability Operations, estimates the country’s mineral wealth at $3 trillion.

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Mixed signals in rare earth markets
Global Rare Earth Elements News
Tuesday, 17 May 2011 12:33

Recently the rare earth equities had suffered from predictions that future earnings would not be able to keep up with shareholder expectations. However, much of the fall in rare earth equity prices corresponds with the selloff in commodity markets.

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Russia: the latest player
Global Rare Earth Elements News
Saturday, 12 February 2011 13:17

flag-icon-ruAt a time when global consumption of rare earths exceeds production, some Russian officials are now hoping to develop an area in northeastern Russia. Russia has the largest reserves of rare earth minerals after China, according to Mineral Commodity summaries available from the U.S. Department of the Interior, although, production, like in the U.S., is negligible compared to China. The Congressional Research Service provided a report summary last fall.

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