Seeking Alpha

Rare Element Resources Ltd. (REE)

  • 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.
  • 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%.
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  • 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.
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  • 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.
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  • 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.
  • 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.
  • 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.
  • 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.
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  • 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.
  • 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.
  • 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%.
  • Jan. 14, 2011, 9:47 AM
    Toyota (TM +0.2%) believes it is near a breakthrough in developing electric motors for hybrid cars that eliminates the use of rare earth metals, whose prices have risen sharply in the past year as China restricted supply. Rare earth names pull back: AVL -4.4%, MCP -3.8%, SHZ -3.5%, REE -3.4%.
  • Jan. 10, 2011, 9:00 AM
    Premarket gainers: PLA +17%. CNXT +16%. SNN +12%. LDK +9%. RAS +6%. ACW +5%. LXRX +5%. SPWRA +5%. XING +5%. INHX +5%. AVL +4%. SLE +4%. SHZ +4%. REE +4%. SOL +4%.
    Losers: STRA -26%. APOL -9%. COCO -8%. CTIC -6%. ROVI -5%. FCEL -5%. IDX -4%. AIB -4%.
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  • Jan. 5, 2011, 4:34 PM
    Despite chatter about being cut off from supplies, there was no reduction in Japan's imports of rare earths from China in 2010. Chinese trading firms confirm that while the metals are harder to get a hold of,  they are still doing business with Japan,
  • Jan. 4, 2011, 3:31 PM
    If China wants to cut off (legal) rare earth exports, why not just create them? A Japanese scientist announces that he and his team have artificially produced palladium. The process is not yet commercially viable, so it's best not to call off the search for other sources of the metal.
  • Jan. 4, 2011, 9:41 AM
    South Korea joins the rush for rare earths, announcing plans to develop mines in Vietnam, Australia, Kyrgyzstan and South Africa. The move follows South Korean plans outlined in December to ween itself from relying on China, which currently supplies 90% of its rare earth metals.
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Company Description
Rare Element Resources Ltd is a capital pool company and operates in the mining industry focused on advancing its Bear Lodge REE Project located near the town of Sundance in northeastern Wyoming on the Bear Lodge Property.