The bulk of rare earth elements are mined in China. They are no longer mined in the U.S. in any real amount. The Chinese have export quotas.
They include Yttrium, Europium, Cerium, and Lanthanum.
The REOs have held up better than nearly all commodity prices. REOs are used in magnets, lithium batteries, car catalysts, compact energy efficient light bulbs and technology.
They are expected to see double digit CAGR in the next 5-8 years.
The short fall of supply due to export quotas will be made up by Lynas Corp of Australia with their Mt. Weld project in western Australia. They have their "refinery" in eastern Malaysia, complete with an educated work force, infrastructure and local tax breaks.
We have begun accumulation of Lynas Corp, LYSCF today at 26 cents. It is beaten up and makes an attractive speculation to us.
http://www.lynascorp.com/
http://www.lynascorp.com/content/upload/files/Reports/(RS)_4th_Intl_RE_Conference_HK.pdf
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