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Rare Element Resources Ltd. (REE)

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  • Apr. 7, 2011, 11:13 AM
    A bill introduced in Congress would have the government purchase and stockpile rare earths, making the metals available to Defense Department contractors. Roughly 5% of world rare earth use is for U.S. military purposes. MCP +5.5%, REE +9.0%, SHZ +4.7%, REMX +0.7%.
    | 8 Comments
  • Apr. 5, 2011, 12:26 PM
    A $5.4B market cap with just $25M in sales and the hope for producing rare earths in the future, Molycorp (MCP) is no longer in Bruce Krasting's portfolio. News that Kazakhstan's state-owned uranium miner is teaming up with Russia and Japan to invest $800M to mine the metals isn't making him regret the decision.
    | 2 Comments
  • Apr. 5, 2011, 10:25 AM
    Possessing just 1/3 of the planet's reserves, China produces 90% of world rare earth supply, as other countries were happy to see the environmentally destructive business take place elsewhere. A change in attitudes towards the environment in China likely means this era is over.
    | 4 Comments
  • Mar. 31, 2011, 8:41 AM
    Making no mention of altering export quotas, China caps rare earth production at 93.8M tons in 2011, a 5% increase over 2010. Additionally, no new licenses for mines will be granted before June 2012. Premarket: MCP -2.1%, SHZ -1.6%, AVL -1.3%.
    | 1 Comment
  • Mar. 30, 2011, 3:05 PM
    "Pretty scary" is how one industry insider describes the cost of rare earth metals in China after their YTD doubling in price. "(The) buyers are not our real downstream clients, but speculators who are hoarding the materials for profiteering purpose."
    | 3 Comments
  • Mar. 24, 2011, 7:31 AM
    China is set to raise taxes on rare earth mineral production beginning April 1. A significant increase, the tax will move to 30-60 yuan/ton from 0.5-3 yuan/ton.
    | 5 Comments
  • Mar. 22, 2011, 2:10 PM
    Rare earth names show strength, perhaps stemming from two Reuters stories overnight: Molycorp (MCP +12.1%) CEO Mark Smith told a mining conference that the company is on track to hit Q1 sales targets, helped by sharp price increases and collapsing volumes from China. Also: CHGS +34.5%, SHZ +20.3%, REE +13.6%, RES +13%, AVL +8.4%.
    | 1 Comment
  • Mar. 22, 2011, 8:13 AM
    At more than $100K/ton, the price of rare earth metals exported out of China is up 9-fold from a year earlier. At the same time, Chinese restrictions on exports has led to a collapse in trading volumes. Rare earth miners have recovered from losses in the wake of the earthquake.
    | 1 Comment
  • Mar. 8, 2011, 10:15 AM
    Lynas (LYSCF.PK) rushes to finish a $230M rare earth refinery in Malaysia that will process ore shipped from its Australian mines. The first such plant to be built outside of China in 3 decades, it could meet 1/3 of the world's rare earth demands within 2 years.
    | Comment!
  • Mar. 7, 2011, 8:32 AM
    After cutting rare earth export quotas an additional 35%, China asks countries clamoring for more of the metals to understand Beijing's legitimate environmental concerns. Premarket: AVL +7.7%, REE +4.5%, MCP +4.1%. ETF: REMX.
    | 2 Comments
  • Feb. 25, 2011, 1:13 PM
    Japan will shower private industry with $80B in an attempt to cut rare metal usage by one third. "By reducing the use of rare earths, finding alternatives, promoting recycling and diversifying supplies, we will escape dependence," says the official statement.
    | 2 Comments
  • Feb. 15, 2011, 1:40 PM
    Documents obtained by Bloomberg show Australia blocked a 2009 bid by China to purchase 52% of strapped rare earth miner Lynas (LYSCF.PK) over concern it could threaten supplies to non-Chinese users. Lynas subsequently raised cash elsewhere, and its value has risen 25X since the 2009 bottom.
    | 3 Comments
  • Jan. 27, 2011, 4:17 PM
    Recycling, substitution, and assisting Africa in sustainable mining are among the strategies that the European Commission will recommend to reduce EU dependence on rare earth minerals from China.
    | 1 Comment
  • Jan. 22, 2011, 11:30 AM
    Jason Miklian wins big on the spectacular rise of rare earth stocks, recognizes the bubble, but loses it all betting on the collapse too soon. Looking behind the hype, Miklian reminds of the highly speculative and not terribly savory nature of smaller mining companies.
    | 11 Comments
  • Jan. 20, 2011, 10:31 AM
    Beijing has taken administrative control of rare earth mines away from local officials who are suspected of colluding with organized crime groups to illegally strip mine and smuggle the metals - no wonder rare earth exports aren't falling that much.
    | 4 Comments
  • Jan. 19, 2011, 11:09 AM
    Rare earth exports from China dropped only 9.3% less year, far less than the 40% cuts bandied about. Did China mess up its quotas, or was all that talk for the benefit state-owned miners who saw the value of their holdings skyrocket. (MCP) -4.37%. (REE) -5.67%. (SHZ) -19.36%. (AVL) -5.6%.
    | 2 Comments
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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.