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June 29, 2011 / Jeb

Rare Earth Prices Hold Up Despite Release Of Oil

The recent release of 60 million barrels of oil will artificially lower the price. The high oil price has been the best catalyst for clean energy production and fuel efficient vehicles. Increasing the supply of oil may be pushing down the demand for rare earths, uranium, and lithium only in the short term. This decline in oil prices should not drastically hurt the development of rare earth assets outside of China.

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