Rare Earth Stocks Skyrocketing in 2012 -- China Looks to Stimulate Demand
06 Marzo 2012 - 7:20AM
Marketwired
Rare Earth stocks have handily outperformed the market this year.
The Market Vectors Rare Earth/Strategic Metals ETF (REMX) is up
more than 15 percent year to date -- easily exceeding the 6.2
percent jump in the Dow Jones Industrial Average. North American
rare earth stocks took a slight hit last week, however, as reports
surfaced that China may boost exports to bring prices back down.
The Paragon Report examines investing opportunities in the Rare
Earth Industry and provides equity research on Lynas Corporation
Limited (PINKSHEETS: LYSCF) (ASX: LYC) and Quest Rare Minerals
Limited (NYSE Amex: QRM) (TSX VENTURE: QRM). Access to the full
company reports can be found at:
www.paragonreport.com/LYSCF
www.paragonreport.com/QRM
Last week Bloomberg reported that China may almost double
exports this year and meet quotas set by the government as lower
prices stimulate demand. A late 2011 Ministry of Commerce statement
said that Chinese exports were 49 percent of the
government-allotted quota in the first 11 months of last year
because the slowing global economy hurt demand.
"Export quotas may be met this year as overseas demand
recovers," Wang Caifeng, a former official overseeing the rare
earth industry with the Ministry of Industry and Information
Technology, said in an interview in Beijing. "High prices last year
had deterred purchases and led to inventories depletion. Smuggling
also hampered exports through illegal channels."
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the rare earth industry register with us
free at www.paragonreport.com and get exclusive access to our
numerous stock reports and industry newsletters.
China's decision last year to cut exports boosted prices and
sparked concern among overseas users about access to supplies. Now,
China is encouraging its companies to develop rare earth mines
abroad to help ease pressure on domestic producers.
According to Wang Caifeng, China has the technical expertise and
human resources required by overseas company in mine development
and processing.
The Paragon Report has not been compensated by any of the
above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.paragonreport.com/disclaimer
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