This is what I found.
Please, read below.
Thanks
On Tuesday March 22, 2011, 3:42 pm
Shares of China GengSheng Minerals (AMEX:CHGS) are skyrocketing over 48% higher after positive news from rare earth metal leader Molycorp, Inc . ( NYSE:MCP ).
Molycorp’s CEO announced the company’s revenues are in fact rising, proving to skeptics that rare earth metal companies are more than just momentum stocks.
Moreover, pricing and inventories are moving into a very favorable state . Prices are escalating beyond $100,000 a ton — up 9 times from last year. Global supply is also shrinking as China ( NYSE:FXI ) has restricted exports.
China GengSheng Minerals (AMEX:CHGS) manufactures monolithic refractory products and industrial ceramic products. The Company also manufactures fracture proppant products. All of these products have been in high demand as emerging markets ( NYSE:EEM ) continue to build out. Now that Japan ( NYSE:EWJ ) will need to rebuild for years, demand for these rare elements will only increase.
For the long term, the question is not whether investors should own rare earth stocks, it’s a matter of whether the prices are right. With an artificial cap on supply, now might be too high a risk of exports are allowed to increase again.
Disclosure: No positions.
VPR Brands LP Reports Record Annual Financial Performance for Fiscal Year 2023 • VPRB • Apr 19, 2024 11:24 AM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM