U.S.: China's REE Monopoly Not a Threat

Source: Bloomberg (11/1/10)

"Supply uncertainties spur private investment in new mines outside of China."

The U.S. Defense Department has concluded that China's monopoly on rare earth elements, used in military hardware such as missile guidance and radar systems, poses no threat to national security, according to a person familiar with a yearlong study by the Pentagon.

The report notes that rising prices and supply uncertainties are spurring private investment in new mining operations outside of China that will help meet American military needs, which require less than 5% of U.S. rare earth consumption.

China now provides 97% of the world's rare earths, a group of 17 metals that includes neodymium, samarium and dysprosium.

Global Trade

China needs to take steps to boost domestic demand rather than let the currency appreciate to improve global trade, said Mexican billionaire Carlos Slim.

Slim, in an interview in New York, also said competitive devaluations "won't succeed" and could spur inflation should commodity prices remain high.

"If China salaries get increased and people work less, they will have more time and more money to spend," Slim, the world's richest man according to Forbes magazine, said. "This domestic demand will also help other countries in the world."

China Pledges Rare Earth Supply

China pledged to supply Japan and other countries with rare earth metals, sales of which were reportedly disrupted last month during a territorial dispute that soured relations between Asia's two largest economies.

Chinese Premier Wen Jiabao made the vow during a trilateral meeting with counterparts from Japan and South Korea, Kim Hee Jung, a spokeswoman for South Korean president Lee Myung Bak, told reporters in Hanoi Oct. 29. All three are attending meetings in Vietnam hosted by the Association of Southeast Asian Nations.

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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