$toney's Word

[Cpt.Craptacular]

REE DD... AK...

Here are a few companies that are operating in this sector, and are not based in China:

•Avalon Rare Metals, Inc. (AVARF.PK) - Projects in Canada
•Great Western Minerals Group (GWMGF.PK) - Projects in Canada, South Africa, and the U.S.
•Hudson Resources, Inc. - Projects in Greenland
•Rare Earth Metals (RAREF.PK) - Projects in Canada
•Commerce Resources Corp. (CMRZF.PK) - Projects in Canada
And of course, there's Molycorp, which has just recently filed to go public. This company is looking to develop operations in Mountain Pass, California, just about 15 miles from the Nevada border.

Molycorp claims that its Mountain Pass mine holds more than two billion pounds of rare earth oxides.

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This Is A Great Explanation Of Rare Earths, And It Should Suck The Air Out Of The Bubble

Joe Weisenthal | Nov. 1, 2010, 10:40 AM

On Thursday, China announced that it would ease export restrictions on highly sought after rare earth metals.

That took some air out of the boom in rare-earth stocks, but the obsession remains with these elements that are used in iPods, wind turbines, and hybrid cards.

So is there really a long-term crisis, and does China really have a death-grip on rare earths?

There are really good reasons to be skeptical of the mainstream thinking.

This presentation from economist Ed Dolan provides the best, most-concise explanation of the issue that we've seen.

It basically comes down to this:

Yes, China does control 95% of rare earth production.
But that's mainly because it has the loosest environmental regulations. They are in abundance all around the world.
Rare earths aren't really that rare... they're more prevalent than gold.
And demand over the long-run is elastic. Companies are in fact finding alternatives to them.
So before you jump into the rare earth ETF to ride the bubble, at least get some background.

Link to this great slideshow...

http://www.businessinsider.com/rare-earth-overview-2010-11#chinas-monopoly-is-fragile-1

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