Chinaís grapple-hold on the rare earths scene is nothing new. Whenever one entity controls 98% of world demand for a product, the market can be easily manipulated. Two conditions have developed for Rare Element Resources since March that are worth noting:
- Rare Element Resources announced on August 4 that it found mineable rare earth deposits in North America.
- The broad market indices dipped more than 10% between August 4 and August 8. As a result, Rare Element Resources' stock lost about 26%. On Tuesday morning, it already gained back 10%, reaching just over $8 per share.
The company has a market cap under $400 million and hasnít turned any profits yet. While this is a very speculative stock, there are some good reasons to watch this company. . . .View Full Article