07:52 MCP
Molycorp: WTO ruling may eventually impact Chinese rare earth export policy - Dahlman Rose (31.12)
Dahlmn Rose notes the WTO has ruled that China must eradicate its export taxes and quotas for industrial minerals, while rare earth elements were not part of this ruling, they anticipate that a similar appeal will be filed requesting that the Chinese abolish their export quotas for rare earth elements. While it typically takes the WTO two to three years to rule on trade challenges, they anticipate that some sort of change will be required to the current Chinese system. Rare earth prices remain well above their forecasted range, thus they remain comfortable with their LT thesis that these equities will trade higher, despite the recent pressure in the element prices; firm rates MCP, AVL and REE with Buys.
BRAVO; WTO shows some Kahunas!
Kurt Vonnegut wrote some great books and had a great philosophy of life:
