Rare Element Resources Ltd. (REE) - NYSEMKT
  • Jun. 8, 2012, 4:41 PM
    An end to China's monopoly on rare earth minerals (REMX) is in sight, Paul Martyn writes. North America has quietly invested significant money and resources into the domestic mining of rare earths, he says, with 35 projects at various stages of development outside China; even a 10% shift in market share would have a positive ripple effect on U.S. manufacturing and technology.
    | Jun. 8, 2012, 4:41 PM | 3 Comments
  • May 1, 2012, 10:26 AM

    Rare earth stocks trade higher following a report that China will begin issuing a new special tax permit to all rare earth producers that will be required in order to legally produce light rare earths, such as cerium and lanthanum, and the concentrates from which all rare earths are derived. MCP +2.7%, AVL +2%, REE +1.3%.

    | May 1, 2012, 10:26 AM
  • Apr. 2, 2012, 8:25 AM

    Molycorp (MCP) pops on a Bloomberg report seeing the company as a takeover play, and suggesting BHP and Rio Tinto (RIO) as possible buyers. One hedge fund manager (long the stock?) suggests the firm could fetch $60/share against the Friday close of $33.83. Shares +3% premarket.

    | Apr. 2, 2012, 8:25 AM
  • Mar. 29, 2012, 1:28 PM

    Molycorp (MCP +4.7%) adds to Tuesday's big gains after Morgan Stanley reports Chinese rare earth prices jumped 10% on average yesterday, per industry site Metal Pages. The firm adds it continues to believe rare earth prices have fallen to a level that will stoke demand, and predicts a seasonal pickup will will help stabilize prices. REE +2.3%. (previously)

    | Mar. 29, 2012, 1:28 PM | 1 Comment
  • Mar. 27, 2012, 9:56 AM

    Molycorp (MCP +7.3%) leads rare earth producers sharply higher, perhaps fueled by a 363% Y/Y profit gain reported overnight by Baotou Steel Rare Earth (which closed 8.4% higher in Shanghai). Still, the company says retreating rare earth prices from last year's H2 show no signs of rebounding.

    | Mar. 27, 2012, 9:56 AM | 1 Comment
  • Mar. 21, 2012, 12:59 PM

    The construction of a large rare earth metal refinery in Malaysia may be delayed further, as controversy continues to surround the project. Opposition parties in Malaysia are refusing to cooperate with a probe into the safety of the proposed plant, which is owned by Lynas of Australia and is one of two giant projects designed to break China’s near-monopoly on the production of rare earths.

    | Mar. 21, 2012, 12:59 PM
  • Mar. 13, 2012, 2:49 PM

    Molycorp (MCP +3.8%) shares are moving up on heavy volume after Pres. Obama, the EU and Japan ask the WTO to help increase China's exports of rare earths. But Dahlman Rose notes that given the massive drop in rare earth prices YTD, a negative WTO ruling may have no meaningful impact on prices. AVL +3.6%, REE +10.7%.

    | Mar. 13, 2012, 2:49 PM | 1 Comment
  • Mar. 9, 2012, 12:19 PM

    Molycorp's (MCP +13.6%) acquisition of Neo Material is also providing a big lift to shares of fellow rare earth miners Rare Element Resources (REE +15.7%) and Tasman Metals (TAS +18.7%), as investors bet the deal will spur further consolidation. Avalon Rare Metals (AVL +5.1%) is up more modestly.

    | Mar. 9, 2012, 12:19 PM | 2 Comments
  • Feb. 26, 2012, 7:09 PM

    Word China could double rare earth exports this year is less than meets the eye. A slowing global economy had China exporting only about one half of its government-mandated quota in 2011. The quotas for 2012 aren't changing, it's just hope sharply lower prices for the minerals will lead to a bump in demand and those quotas being hit.

    | Feb. 26, 2012, 7:09 PM | 4 Comments
  • Jan. 31, 2012, 9:00 AM

    Premarket gainers: NBG +8%. PCAR +6%. AEG +5%. REE +5%. AVL +5%. CEDC +5%. ARMH +5%. GTXI +4%. NCP +4%. RENN +3%. ING +3%. QPSA +3%. KYO +3%. LLY +3%. X +3%. VALE +3%.
    Losers: RSH -32%. REXX -9%. ADM -4%.

    | Jan. 31, 2012, 9:00 AM | 2 Comments
  • Jan. 31, 2012, 8:57 AM

    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%.

    | Jan. 31, 2012, 8:57 AM | 1 Comment
  • Jan. 25, 2012, 10:54 AM

    Rare earth miners, who had a difficult 2011 thanks to falling metal prices, are shooting higher today. Short-covering could be a factor: As of Dec. 30, Molycorp (MCP +6.6%), Avalon Rare Metals (AVL +3.8%), and Rare Element Resources (REE +6.5%) all had large chunks of their floats shorted.

    | Jan. 25, 2012, 10:54 AM | 1 Comment
  • Jan. 4, 2012, 9:29 AM

    Rare Element Resources (REE) +3.2% after reporting a 38% increase of measured and indicated rare-earth mineral resources at its Bear Lodge, Wyoming, project. Total REO contained in all the high-grade deposits in all resource categories increased 26% to 830M kg. (PR)

    | Jan. 4, 2012, 9:29 AM
  • Dec. 27, 2011, 3:40 PM

    Rare earth miners are selling off following the Chinese government's establishing of 2012 export quotas. MCP -3.4%. REE -4.9%. TC -3.3%. JPMorgan thinks the quotas "could put additional pressure on rare earth prices," after taking into account expected production increases from Molycorp and Lynas.

    | Dec. 27, 2011, 3:40 PM
  • Dec. 27, 2011, 4:50 AM
    China sets the first tranche of rare earth export quotas at 10,546 tons for 2012, and says overall export quotas for 2012 will be unchanged from 2011 to "guarantee" international demand and keep supplies "basically stable." The 2011 quota was 30,184 tons, but less than half of that was actually exported in the first 11 months.
    | Dec. 27, 2011, 4:50 AM | 7 Comments
  • Nov. 11, 2011, 10:51 AM

    Molycorp (MCP -11.4%) continues moving lower after missing Q3 estimates and lowering its 2011 production forecasts. JPMorgan (Neutral) is lowering its PT in response, arguing rare earth prices could fall some more in 2011 before new Chinese export controls arrive, and supply increases from Molycorp and Australia's Lynas could also hurt prices. REE is down 3.9% in sympathy. (transcript)

    | Nov. 11, 2011, 10:51 AM | 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