Rare Element Resources Ltd. (REE) - NYSEMKT
  • Jan. 10, 2013, 9:46 AM

    Molycorp (MCP -19.3%) plummets at the open after projecting lower-than-expected revenue and cash flow this year due to weakening rare earth prices. J.P. Morgan cuts its price target on shares to $5 from $8: "We continue to believe MCP will likely have to seek additional capital beyond just a revolver and/or equipment leaseback." AVL -3.9%, REE -3.1%.

    | Jan. 10, 2013, 9:46 AM | 2 Comments
  • Dec. 28, 2012, 10:22 AM

    China sets its H1 2013 export quota for rare earth resources at 15.5K metric tons to be split among 24 domestic producers. The quota is not always met due to weak global demand; China exported only ~13K metric tons of rare earth ores, metals and compounds in the first 11 months of this year, less than half the full-year 2012 quota.

    | Dec. 28, 2012, 10:22 AM | 4 Comments
  • Dec. 10, 2012, 3:19 PM
    Lynas' (LYSCF.PK, LYSDY.PK) plans to ramp up rare earth materials via its new Malaysian plant suffer a setback, as four ministers say it must export waste material in Malaysia or risk having its operating license revoked. The ministers' statement followed reports citing Lynas Malaysia's director as saying the company would not export residue from the plant. MCP +19.8%, AVL +10%, REE +9.5%.
    | Dec. 10, 2012, 3:19 PM | 7 Comments
  • Dec. 10, 2012, 11:35 AM
    Molycorp (MCP +15.7%) soars, taking the rest of the rare earth sector with it (AVL +6.2%, REE +11%, REMX +1.7%). Traders describe the move as the continuation of a short squeeze in Molycorp - whose shares dropped below 6 in mid-November after being in the mid-30s 7 months earlier. Adding fuel is a report Interactive Brokers has said there is insufficient stock available for short sales.
    | Dec. 10, 2012, 11:35 AM | 11 Comments
  • Oct. 24, 2012, 9:42 AM

    Molycorp (MCP +3.8%) is upgraded to Buy from Hold at Dahlman Rose, which sees long-term value through its planned 400% production ramp-up at the high-grade Mountain Pass and its ownership of key downstream facilities. Rare Element (REE +1.2%) also rises even as the firm cuts shares to Hold on valuation, as China's Baotou Steel suspends production for a month to try to stem falling rare earth prices.

    | Oct. 24, 2012, 9:42 AM
  • Oct. 19, 2012, 5:19 PM

    China's grip on the rare earth market may be slipping, Brad Plumer writes. Two years after China's move to restrict its export quota by 40% - making it economical for other countries to start boosting their own production - the market has adjusted. As a result, rare earth elements simply aren’t as rare as they once were.

    | Oct. 19, 2012, 5:19 PM | 5 Comments
  • Sep. 19, 2012, 10:41 AM

    As the Arctic melts, the scramble is on for oil, gas and rare earth minerals as they become newly accessible along with increasingly navigable polar shipping shortcuts. So it's no surprise that China is becoming a far more aggressive player in the area, provoking alarm among Western powers. Rare earth names are slightly higher: MCP +1%, AVL +1.7%, REE +0.8%.

    | Sep. 19, 2012, 10:41 AM | 14 Comments
  • Sep. 14, 2012, 9:49 AM

    Ford (F) says it’s cutting consumption of rare earths used in its hybrid and electric cars by 500K lbs./year and will save hundreds of dollars per car in the process. But shares of rare-earth leader Molycorp (MCP +5.6%) shoot higher anyway, adding to gains a day after China announced a 40% cut in the number of permits to mine rare earths. REE +5.7%, AVL +4.5%.

    | Sep. 14, 2012, 9:49 AM | 8 Comments
  • Sep. 13, 2012, 11:38 AM
    Molycorp (MCP +4.8%) shares rip higher on a report that China is reducing rare earth mining licenses by 40%. The number of licenses had been 113, according to Securities Journal. The news is seen as positive for companies holding existing licenses as future competition may now be limited. Also on the move: REE +3.4%, AVL +2.6%.
    | Sep. 13, 2012, 11:38 AM | 5 Comments
  • Aug. 22, 2012, 4:35 AM

    China bows to pressure and increases this year's quota of rare earths by 2.7% to 30,996 metric tons. It's the first raise since 2005 and follows a slashing of the allocation in 2009. However, it's all largely symbolic, as exporters only used up half of last year's quota, with foreign sales down this year as well.

    | Aug. 22, 2012, 4:35 AM | 1 Comment
  • Aug. 3, 2012, 9:15 AM
    Premarket gainers: OPEN +19%. MELI +17%. SKUL +13%. LNKD +11%. ATPG +11%. VHC +10%. KOG +10%. KCG +10%. STEM +8%. SQNM +8%. DB +7%. ING +7%. WFR +7%. E +6%. SI +5%. MT +5%. ATAX +5%. BCS +5%.
    Losers: ZIP -35%. HNT -24%. BODY -18%. MCP -15%. XIDE -13%. REE -8%. GLUU -7%. ONNN -7%.
    | Aug. 3, 2012, 9:15 AM
  • Jul. 23, 2012, 11:57 AM

    Shares of Molycorp (MCP -5.6%) hit a 52-week low as the WTO reportedly launches an investigation into China’s export quotas and tariffs on rare earths, tungsten and molybdenum. The average Chinese export price of rare earth oxides soared 537% in 2011 vs. 2010 and was 10% higher Y/Y in the first five months of 2012, according to Bloomberg data. REE -3.7%, AVL -1.4%.

    | Jul. 23, 2012, 11:57 AM
  • Jul. 6, 2012, 2:36 PM

    While downgrading Avalon Rare Metals (AVL), Dahlman Rose's Anthony Young finds two stocks he likes in the rare earth sector: Molycorp (MCP) and Rare Element Resources (REE). The two have the "highest likelihood" of completing projects and generating cash flow in the current environment, he says.

    | Jul. 6, 2012, 2:36 PM | 1 Comment
  • Jul. 5, 2012, 5:05 PM

    Rare earth stocks give up much of their big early gains that followed a report of China hoarding the materials as prices continue to fall. Upon closer scrutiny, little is known about how much is going to stockpiles, whether exports will cease, how China would get prices up without foreign customers and whether it will exempt Chinese end-users. MCP +1.1%, AVL +2.5%, REE +1.7%.

    | Jul. 5, 2012, 5:05 PM | 2 Comments
  • Jun. 20, 2012, 10:57 AM

    Rare earth stocks (REMX +1%) extend yesterday's gains as rumors of tighter regulation on rare earth mining production from Chinese authorities gain traction, with a new report from Xinhua sparking further interest today. MCP +8.8%, REE +6.8%, AVL +5.2%.

    | Jun. 20, 2012, 10:57 AM | 2 Comments
  • Jun. 19, 2012, 4:42 PM

    China's new tax permits on rare earth miners (REMX +3.3%) there will enable the government to control supply "to a certain extent" by forcing producers to sell their finished products based on production and export quota allocations, Rahul Jalan writes. Previous efforts to control rare earths have sent prices outside China skyrocketing, but today's market reaction could foreshadow a different outcome.

    | Jun. 19, 2012, 4:42 PM | 1 Comment
Company Description
Rare Element Resources Ltd is a mineral exploration company. It is engaged in advancing the Bear Lodge REE Project located near the town of Sundance in northeast Wyoming on the Bear Lodge Property.
Industry: Industrial Metals & Minerals
Country: Canada