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Old 01-20-2011, 01:07 PM
Sparty Sparty is offline
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Default The Yin and Yang of China's Rare Earth Policies

I have to wonder just where the ball will stop... Two conflicting stories hit the presses today... The first from Yahoo Finance is outlined below:



Rare Earths Stocks Decline On China Quota Pledge: Yin


Rare earths stocks are declining today after China, which is responsible for more than 90% of the world's rare earths exports, pledged to evaluate its export quotas, giving the market hope that 2011 supplies will not be as tight as previously believed. The Rare Earths Stocks Index is down 3.2% on the news. China's rare earths exports surged 14.5% to 35,000 tons through the first 11 months of 2010, topping the government-imposed quota of 30,300 tons, the Associated Press reported, citing China's Commerce Ministry, which declined to explain how the quota had been exceeded. Rare earths metals are used in the production of hybrid cars, laptops and smartphones, among other high-tech gadgets. http://finance.yahoo.com/news/Rare-E....html?x=0&.v=1


The second story by The New York Times is probably going to set the REES on fire tomorrow and to me really points to where we are headed...


Beijing Moves to Tighten Its Grip on Vital Minerals: YANG


By KEITH BRADSHER

Hong Kong ? The Chinese Ministry of Land and Resources has invoked a seldom-used mining law to take direct control of 11 rare earth mining districts in southern China, in the latest sign of Beijing?s continuing effort to tighten control over the production and export of crucial rare earth minerals.

? The ministry said in a statement quietly posted on its Web site Wednesday and briefly mentioned by state media Thursday that rare earth mining in these districts, all located at the southern end of Jiangxi Province, had been placed under its national planning authority. That step removes administrative oversight of mining in these areas from provincial and municipal control; local officials in southern China are widely suspected of collusion with crime syndicates responsible for large-scale illegal strip mining and refining of rare earths.



? The ministry, which has its own inspectors, hinted that it planned to place further mining districts for rare earths under the control of the national government by saying repeatedly in the statement that this was the first or initial designation of national rare earth mining areas. A legal notice dated Jan. 4 was posted with the statement and invoked the obscure, decades-old national planning statute. http://www.nytimes.com/2011/01/21/bu..._r=1&src=busln

The Jiangxi province is where most of China's H-REEs are mined and as such the tightening of control may well send shudders down those countries that are dependent on China for their Heavy rare earths supplies.

On the other hand ASX companies with large amounts of heavy REEs that are on the verge of mining them should be delighted. Amongst these Lynas Corp and Alakane Resources are about to become near term producers and that probably accounts for them not declining today in what was a generally dismal day.... Alkane in fact had a strong day (up 10%) and that probably reflects their having the world's richest H-REE deposit. Read why Alkane is doing so well.

Alert readers will note that I have only mentioned two Australian companies... why... because Australia has companies with large amounts of H-REEs that are on the verge of production.... www.Australianrareearths.com

 

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Old 01-20-2011, 02:37 PM
Idiotina
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Default I'm interested

I have a similar situation. Can be discussed.

 

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Old 01-23-2011, 02:40 AM
Resty
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Quote:
i have to wonder just where the ball will stop... Two conflicting stories hit the presses today... The first from yahoo finance is outlined below: Rare earths stocks decline on china quota pledge: Yin rare earths stocks are declining today after china, which is responsible for more than 90% of the world's rare earths exports, pledged to evaluate its export quotas, giving the market hope that 2011 supplies will not be as tight as previously believed. The rare earths stocks index is down 3.2% on the news. China's rare earths exports surged 14.5% to 35,000 tons through the first 11 months of 2010, topping the government-imposed quota of 30,300 tons, the associated press reported, citing china's commerce ministry, which declined to explain how the quota had been exceeded. Rare earths metals are used in the production of hybrid cars, laptops and smartphones, among other high-tech gadgets. http://finance.yahoo.com/news/rare-e....html?x=0&.v=1 the second story by the new york times is probably going to set the rees on fire tomorrow and to me really points to where we are headed... Beijing moves to tighten its grip on vital minerals: Yang by keith bradsher hong kong ? The chinese ministry of land and resources has invoked a seldom-used mining law to take direct control of 11 rare earth mining districts in southern china, in the latest sign of beijing?s continuing effort to tighten control over the production and export of crucial rare earth minerals. ? The ministry said in a statement quietly posted on its web site wednesday and briefly mentioned by state media thursday that rare earth mining in these districts, all located at the southern end of jiangxi province, had been placed under its national planning authority. That step removes administrative oversight of mining in these areas from provincial and municipal control; local officials in southern china are widely suspected of collusion with crime syndicates responsible for large-scale illegal strip mining and refining of rare earths. ? The ministry, which has its own inspectors, hinted that it planned to place further mining districts for rare earths under the control of the national government by saying repeatedly in the statement that this was the first or initial designation of national rare earth mining areas. A legal notice dated jan. 4 was posted with the statement and invoked the obscure, decades-old national planning statute. http://www.nytimes.com/2011/01/21/bu..._r=1&src=busln the jiangxi province is where most of china's h-rees are mined and as such the tightening of control may well send shudders down those countries that are dependent on china for their heavy rare earths supplies. On the other hand asx companies with large amounts of heavy rees that are on the verge of mining them should be delighted. Amongst these lynas corp and alakane resources are about to become near term producers and that probably accounts for them not declining today in what was a generally dismal day.... Alkane in fact had a strong day (up 10%) and that probably reflects their having the world's richest h-ree deposit. Read why alkane is doing so well. Alert readers will note that i have only mentioned two australian companies... Why... Because australia has companies with large amounts of h-rees that are on the verge of production.... www.australianrareearths.com
? ??? ?? ????? ))

 

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