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Rare Element Resources Ltd. (REE)

  • 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.
  • 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.
  • 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, 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%.
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  • 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.
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  • 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)
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  • 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.
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  • 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.
  • 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)
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  • Oct. 20, 2011, 8:29 AM
    Molycorp (MCP) promises to spend an additional $114M to accelerate the completion of its CA rare earth facility to early April (from July). The company is responding to plans of rare earth consumers to move to China in order to be assured of having access to needed supplies. Shares +3.4% premarket.
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  • Oct. 18, 2011, 8:40 AM
    In an effort to prop up falling prices, Baotou Steel - China's largest rare earths producer - will suspend smelting operations for one month. This follows September's attempt to juice prices by buying one RE mineral at above market prices. Shares of the company fell 5.8% in Shanghai.
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  • Sep. 27, 2011, 7:52 AM
    Molycorp (MCP) pops 6.4% premarket, encouraged by news China is tightening controls on rare earth exports. The shares could use a lift after falling by 35% over the past few sessions on word the prices of rare earth minerals are falling.
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  • Aug. 23, 2011, 12:30 PM
    China continues to tighten environmental rules surrounding rare earth mines, breaking up and/or mothballing existing facilities in Jiangxi province, from where much of the planet's supply comes from. This isn't the first time China has cracked down, but locals describe the efforts as far more serious this go-round. REMX +2.6%.
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  • Aug. 12, 2011, 4:30 PM
    Molycorp (MCP) closed the day up 8.8%, following a strong Q2 report and a new supply agreement with Hitachi Metals. Other rare earth miners moved higher in sympathy: AVL +8.5%. REE +5.5%. SHZ +7.3%. (PR) (transcript)
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  • Aug. 2, 2011, 1:39 PM
    Even as the Chinese government makes some modest efforts to ease overall export quotas on rare earth minerals following a WTO censure, it's moving to tighten quotas in other respects, such as bringing more byproducts under export limits. Rare earth prices have soared in 2011, a boon for miners such as MCP, AVL, and REE.
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  • Jul. 26, 2011, 11:45 AM
    Rare earth miners are shooting higher after a paper from GE's Lighting division, which relies heavily on rare earth minerals, states that "further price increases seem highly likely." GE also suggests stockpiling by dealers due to soaring prices is making a bad situation worse. MCP +5.3%. REE +4.9%. SHZ +7%. AVL +4.7%.
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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.