Rare Earths Are Back In The News

About a year ago the story of rare earths was all over the news and one company Avalon Rare Metals moved from $0.25 to $3.99 in nine months to September, 2009. Since then it has flat-lined between $2.00 and $3.00.

See Chart

You might want to take a look again because rare earths are back in the news with the report from Bloomberg that “China cut its export quotas for rare earth by 72 percent for the second half of this year, according to data from the Ministry of Commerce on July 8. Shipments will be capped at 7,976 metric tons, down from 28,417 tons for the same period a year ago.”

The U.S. Geological Survey recognizes 17 different rare earths, materials with science-fictionesque names like lanthanum and gadolinium. They are used in everything: glass polishing and ceramics, automotive catalytic converters, computer monitors, lighting, televisions and pharmaceuticals.

Without these elements much of the modern economy would shut down.

Bruce Krasting in his article at Zero Hedge has an excellent chart of the production history of the world in rare earths.

Tags: Rare Earths Avalon Rare Metals

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