While shares of Rare Element Resources (NYSEMKT:REE) are down nearly 40% in 2013, and nearly 50% over the last year, there are some positive signs that the rare earths industry as a whole is ready to recover. This means that companies in the space that go largely unnoticed are slower to react, but represent significant upside potential to investors. As the industry firms throughout the course of 2013, the market should begin to look to rediscover some of these overlooked names, presenting solid opportunities; a 50% retracement of the slide would represent a 33% return to investors and is not an unrealistic possibility, and that retracement has already begun.
A Look at the Industry
Once a favored sector...
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