German Auto Sector Voices REE Concerns

Source: AFP (10/25/10)

"REE supply problems, price increases affect our competitive position."

German industrialists are concerned over supplies of rare earth elements (REEs) needed for a wide variety of products after companies said access to the raw materials was restricted by China.

"Supply difficulties or sharp price increases for these metals affect the competitive position of our companies," head of the German auto federation VDA, Matthias Wissmann, told AFP on Monday.

"That is why we need a strong commitment by political leaders in charge of the question to be assured of the raw materials availability," he added.

Klaus Mittelbach of the ZVEI federation of electronic industries said that "development of the market has become critical as a result of restrictions of Chinese exports."

Germany adopted measures last week to ensure industrial groups would have access to such materials, around 97% of which are now produced by China. Two-thirds of the global reserves of REEs. . .are located outside China, however.

The world's leading auto parts group Bosch, which uses some of the elements to make electric motors, said it was "vital to continue to secure the availability" for the next decade. "It is, thus, necessary to tap unexploited reserves" outside China, a Bosch spokesman told AFP, adding: "If the move toward electromobility is not to be delayed, this means investments now."

A Volkswagen spokesman said it 'is watching rare earth markets and trends carefully to be able to react as early as possible if need be.' He said, "If there were to be a shortage for geopolitical reasons, we see ways to compensate in the form of new mining projects in Australia or Vietnam."

The father of Chinese economic reforms once compared China's REEs to Middle Eastern oil, and critics increasingly accuse Beijing of emulating the 12-member OPEC cartel. China has cut REE exports by 5%–10% a year since 2006.

Announcing Streetwise Live! Events
Source: Streetwise Reports (07/13/2020)

Streetwise Reports is offering 100 investors—at no charge—the opportunity to meet via Zoom with executives of precious metals companies as they discuss recent developments at their companies and upcoming catalysts.

"China's export quota could be opportunity for Canadian miners"

Latin America: Six Gold Juniors Amass 100M+ Ounces
Source: Marc Davis, BNW News (05/25/2010)

Latin America, the world's last great mineral frontier for prolific gold discoveries, is proving a godsend for some lucky investors.

Mexico: Gold's Next Powerhouse Player
Source: Marc Davis, BNW News (11/03/2009)

As the world's key gold producing nations struggle mostly in vain to replenish dwindling below-ground supplies, Mexico is bucking the trend in a big way.

Where Have All the Gold Mines Gone?
Source: Brent Cook, Exploration Insights (04/14/2009)

Given the declining global gold production, mining companies’ demand for reserve replacement and the acute dearth of new gold discoveries, there is no doubt that real economic discoveries will be exceptionally valuable. . .the opportunity for stellar profits is the best it has probably ever been. Identifying the few successes, however, will require vigilant and constant technical assessment of geology and drill results, always with an eye to mine economics.

Congo Completes Mining Review, Says Majors Quit Talks
Source: Reuters (12/20/2008)

"Review process is extended an additional 45 days to allow six companies to return to the negotiating table for direct talks with government ministers."

I haven’t spoken to my old mining stock friend, noted and universally respected gold stock guru, Bob Bishop, about Rare Element in a year, but I hear he is still a supporter and very large shareholder. I don’t believe he will hold it against me to remind you that this was one of his favorite holdings when he left the newsletter writing business. . .

It's Only the Beginning for Uranium
Source: www.financialinsights.com (06/03/2005)

Dr. Richard S. Appel, author of Financial Insights, first became bullish on uranium in mid-2003, when it appeared obvious that its supply versus demand equation was fated to seriously drive higher its price. Since then, a series of events in the uranium industry has led Appel to believe that uranium prices will reach never before seen levels.

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