Rare earth elements prices jump

[Ardent Listener]

Rare-earth Elements: Bloomberg reports that rare-earth prices have jumped as Chinese export quotas crimped worldwide supplies for the elements used in the manufacture of disk drives, wind turbines and smart bombs.

Prices have climbed sevenfold in the last six months for cerium oxide, which is used for polishing semiconductors, and other elements have more than doubled, according to Metal-Pages Ltd. in London, which tracks rare-earth prices.

Actions by China, which produces more than 90% of the world’s rare earths, have drawn criticism from US lawmakers and officials in Japan and Germany. China reduced its second-half export quota for the minerals by 72% in July. It is now further restricting exports, according to industry participants.

Rare-earths are 17 chemically similar metallic elements - - such as europium, yttrium and lanthanum - - which have unique magnetic, optical and other properties essential for miniaturisation, lasers and energy efficiency.

http://www.finfacts.ie/irishfinancenews ... 0836.shtml

[theo]

I picked up a small position in REE last week when it was at 7.60, because I knew about the potential supply constriction with China and I thought it would be a good way to diversify. However I wasn't expecting a 50% run up in a few days. Its actually a little scary because several of these rare earth metels are critical to high tech industry.

[Heartkill]

Great. I had a small position in DNN stock for over a year, and sold it off earlier this week when it hit $2 a share. Wishing I would have waited the week out but I took a little bit of profits off of it. I'd like to jump into AA (Alcoa) if it dips.

[oober]

Rare Earths are very volitile, so don't invest unless you have a strong stomach.

I own,

Avalon Resources
Artha Resources
Cache exploration
Great Western Minerals
Mawson Resources

All of these have at least some REE's