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May 18, 2011 / Jeb

Rare Earth Metal Stocks: Time To Buy?

The prices of rare earth oxides are blasting through the stratosphere. Manufacturers are driving prices in their haste to involve the materials in production of hybrid vehicles, wind turbines, and the most high tech applications of which many sophisticated investors are unaware. These producers need the rare earth ore and are willing to pay for it on the world markets.

China (FXI) has the right stuff, but are claiming – perhaps rightfully – that they need the materials for themselves. In fact they are in the forefront of venturing abroad to take over promising heavy rare earth mines all over the world. Do not forget China’s bid to control Lynas in 2009. America once commandeered this mining area, but over the years, China co-opted it and became the world leaders, supplying over 97% of the world’s rare earth supply. North America and Europe need to move fast to develop their own supplies.

Read the full article by clicking here.

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