REE Bill: Senate Under Pressure

Source: Bloomberg, Mark Drajem (10/26/10)

"Senate approval of legislation 'the only way to boost U.S. mining and production.'"

U.S. House Science and Technology Committee Chairman Bart Gordon said he is talking to senators in an effort to convince them to pass a measure on rare earth elements (REEs) following the Nov. 2 election.

Gordon, a Tennessee Democrat, told a conference in Washington that the only way to boost U.S. mining and production would be if the Senate clears the version of legislation passed by the House in September. To do that in the short lame-duck session would require that no senator object.

China, the source of more than 90% of the world's rare earths, announced a 72% cut in second-half export quotas, drawing concern about supplies from Germany, Japan and the U.S. In addition, Chinese customs officials are delaying shipments by various means, such as imposing extra inspections, according to industry participants.

The rare earths, a group of 17 metals including neodymium, lanthanum, cerium and europium, have industrial and national- security uses. These uses include petroleum refining, fiber-optic transmission, computer disk drives, and military radar and missile-guidance systems.

The U.S. should stockpile rare earths and other critical materials, boost research in technologies that reduce the need for the metals and increase recycling of rare earths, Lipinski said.

"I also believe that we should take advantage of next month's G-20 meeting in South Korea to directly address concerns about China's rare-earth policy, and to seek common ground with other impacted countries such as Germany and Japan," he said.

The Obama administration is "monitoring" reports about cuts in rear-earth exports by China, White House press secretary Robert Gibbs said today.

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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