Going Beyond Rare Earths

Filed in BP, copper, Gold Market, o by on January 19, 2011 0 Comments

Back in April 2010, I published an article called “5 Rare Earth Stocks to Hedge Against Chinese Control.” In that piece, I wrote: Because 95% of the world’s rare earth elements are produced in China, it is becoming increasingly urgent for developers to find REEs in other parts of the world. This becomes more and more apparent every time I talk to high-performance battery manufacturers and companies that rely on rare earth magnets for things like wind turbines and energy efficient electric motors. Bottom line: China needs those REE supplies for its own consumption. And in the not-too-distant future, those supplies found outside the Middle Kingdom will be the only supplies we’ll be able to get our hands on. So here are a few companies that are operating in this sector, and are not based in China: Avalon Rare Metals, Inc. (TSX: AVL) – projects in Canada Great Western Minerals Group (TSX-V: GWG) – projects in Canada, South Africa, and the U.S. Rare Earth Metals (TSX- V:RA) – projects in Canada Commerce Resources Corp. (TSX- V:CCE) – projects in Canada And of course, there’s Molycorp, which has just recently filed to go public. This company is looking to develop operations in Mountain Pass, California, just about 15 miles from the Nevada border. Since that article, rare earth stocks soared. In fact, of the four listed in that …

Continue reading here:
Going Beyond Rare Earths

Tags: , , , , , , , ,

About the Author ()

Leave a Reply

Your email address will not be published. Required fields are marked *