Rare earths share in this week's rising tide in commodities |
Global Rare Earth Elements News
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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
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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
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Monday, 14 February 2011 10:49 |
Afghanistan 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
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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
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Saturday, 12 February 2011 13:17 |
At 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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