Rare earth miners take off

|By:, SA News Editor

Rare earth miners Rare Element Resources (REE +12.9%), Avalon Rare Metals (AVL +3.7%), and Quest Rare Minerals (QRM +11.7%) have joined Molycorp (previous) in rallying sharply. Equity markets have doled out plenty of punishment to the group this year.

SA contributor Hawkinvest has provided a bullish write-up on Molycorp, arguing a short-covering rally could take place in early 2014.

The Rare Earth/Strategic Metals ETF (REMX +0.7%) remains down 32% YTD.