tfsa

[grassfarmer]

Molycorp(MCP)would be the most obvious choice for rare earth metals as I believe they own the largest non-Chinese deposit.
You say China is about to cut exports to increase their revenues - how does that work? less exports = higher prices but on less volume. Might it not be a ploy by the Chinese to drive up price, get more areas of the world into production then increase their exports once more, collapse the world price and pick up the newly developed sources for cents on the dollar? Given that MCP is closest to developing a big deposit outside China I would think that would be a smart move by the Chinese.

[Hopperbin]

I have not known the Chinese to gouge us yet, I believe it is for securing internal supply to its own manufacturing industry.

[Hopperbin]

news article I just read,

"I don't believe that China is going to completely embargo the United States and the European Union as relates to rare earths," Molycorp Inc (MCP) CEO Mark Smith told the conference.


"I do believe however that we're going to see reductions in the export quotas coming out of China," he added.

China roiled the high-tech industry and boosted metals prices in July when it announced it would cut export quotas for rare earth minerals by 72 percent for the second half of 2010 -- continuing a drop in exports of the material since 2008."

I see MCP is up 12 percent today on average volume 3.5 million trades, not too shabby. But the company has never in its life showed profit. A chart I bring up shows untraded recently for a year. With an increase in revenue in the middle of that time and then an explosion in share price with the revenues dropping back to previous basically no revenues. Lets revue this, the Chinese produce 97 percent of the rare earth metals used in the world and they cut export quotas by 72 percent. And I don't see anyone screaming? huh

RES a Canadian stock is also exploding, with 0 revenues showing on my chart, they are in exploration stage, but at much less loss per share than MCP. Perhaps a better run company.

[cottonpicken]

I was looking at this stuff a few years ago and didnt
ended up buying anything(except in the cobalt
market which isnt exactly rare earth).By then
molyebnium(sp) had already made its move and i
thought i was to late to the party so never ended up
doing to much research.

As far as i can see there isnt even an etf for this
stuff and there is an etf for everything.

if a large amount of capital moved into this market
prices would go stratospheric because of its relitive
size.

niadyodd

[grassfarmer]

Too much potential for a bubble that will burst to get my money.

[Hopperbin]

Decided to buy 5000 dollars worth of RES this morning. Now they are worth 5250.
Not bad for 2 hours sitting at computer.

[Hopperbin]

I lied now they are worth 5304 dollars. Maybe I should shut up they could go the other way. At moment I am riding the bubble up.

[Hopperbin]

Res shares now worth 5395.00

http://www.ibtimes.com/articles/76301/20101027/china-rare-earths-us-exports-japan-south-korea-us-white-house-gibbs-eu.htm

[parsley]

Ah, you can take me to dinner any time you say, fur. LOL Dress up. Good wine.

There is a an exploration company ...rare earth metals ...exploring in Northern Canada.

Some of the best finds in the world. Pars

[parsley]

About swallowing RIM:

http://business.financialpost.com/2010/10/27/major-moves-expected-from-microsoft/