The Biggest Reason to Buy Rare Earths Now
Do not sell any rare earth stocks...
You know what our position is on rare earths. You understand why we're bullish. But just to strengthen that, let's take a look at what others are saying about the future of our rare earth trades.
This is just too important for you not to see.
This comes from a favorite blog of mine, Gold Stock Trades:
“Even though rare earth prices are soaring, many investors have overlooked a key sector which has pulled back providing a bargain opportunity before the rare earth crisis intensifies.
US House Rep Mike Coffman from Colorado, joined by 28 Republicans and Democrats in the US House of Representatives sent a letter to the US Trade Representative, demanding he file a complaint with the World Trade Organization against China’s export reduction policies of rare earths.
Coffman wrote, “…Rare earths are critical to US national security. Currently, the world is nearly 100 percent reliant on Chinese exports …” Coffman continued in his letter, “While our nation must act to correct our domestic rare earth supply chain problem, we must also recognize that the lack of a level playing field…is harmful.”
Coffman mentioned that the United States must act to correct the domestic rare earth supply. Even though there are a few heavy rare earth deposits in North America, there is no separation facility outside China. This facility is crucial in extracting the valuable metal. Avalon Rare Metals (AVL) may be the first to bring separation capabilities, but that is not until 2016, so alternative solutions must be addressed. The costs of heavy rare earth oxides are soaring as China cracks down on illegal smugglers and reduces export quotas. Read more here.
And that, my friends, is why we're so bullish going forward.+9
More like this...What Rare Earth Bulls Don't Want you to Know
Sounds like some one missed the rare earth ride north... and is trying to talk it down?
Toyota to China: Screw Your Rare Earths!
This doesn't mean Toyota's banking on immediately eliminating its need for rare earths...