Sarissa Resources Inc (SRSR)

[tenn]

On the subject of "REES"--


By Roger Choudhury

China produces approximately 97% of the global supply of the metals used in the production of various high-tech products (i.e. Blackberry, iPhone, aerospace components, wind turbines, and lasers). It announced in December 2010 that it will cut its export quota by 35 percent for the first half of 2011. This opens up opportunities for companies that could not compete before in order to meet demand. Rare earth metals are distributed across the world: proven reserves in China account for 43% of the total, and the best of the rest are the Commonwealth of Independent States (19%), the United States (13%), and Australia (5%). Here’s a link to a detailed map of reserves.

Seventeen chemical elements in the periodic table are deemed rare earth metals. The label is a misnomer because they are not particularly rare. Instead, many of these “rare” elements have large commercial applications. In timely fashion, at the end of December 2010, Bloomberg introduced its newly formed “Rare Earth Mineral Resources Index.” It should come as no surprise that it has nearly tripled in value since the announcement from the Chinese.

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