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Rare earth firms are up premarket after yesterday's WTO ruling that China must eradicate its...

  • Tuesday, January 31, 2012, 8:57 AM ET
    Rare earth firms are up premarket after yesterday's WTO ruling that China must eradicate its export taxes and quotas for industrial minerals. While rare earth elements were not part of the ruling, the firms anticipate a similar appeal will be filed requesting the Chinese abolish their export quotas for rare earth elements. MCP +4.4%, AVL +5.3%, REE +5.2%.
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    WTO ruling against China rare earth quotas,- this is huge! - China exposd on quota market mnipulation, (we always knew China quotas were a sham to push out others like Molycorp) MCP should see huge orders from this!

    China knows it cannot meet market demand in this space, but tried to control the market by giving false quotas (which it always could never hit)....
    31 Jan 2012, 10:06 AM Reply Like
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