Video: Rare Earth Stocks Again on Move Higher After China Cuts Export Quotas part of China cuts rare earths mining permits

Video Related To: China cuts rare earths mining permits

Beijing : China | almost 2 years ago
China has cut the number of permits for rare earths mining in a new move to tighten controls over the exotic minerals needed to manufacture mobile phones, electric cars and other high-tech...
    • Clear
    • Share:
    • Share
    • Clear
    • Clear
    • Clear
    • Clear
     
  • Read full report
Report Your News Got a similar story?
Add it to the network!

Or add related content to this report

Also Attached To These News Reports
Video Source: www.youtube.com

Rare Earth Stocks Again on Move Higher After China Cuts Export Quotas

Stocks of companies engaged in rare earth mining are again on the move higher this morning after gaining in Tuesday's regular session following reports China reduced its rare earths export quotas by 11% in the first round of permits for 2011. The move could worsen a global shortage of minerals used for such products as smartphones, hybrid cars and guided missiles, according to media reports. Rare Element (REE) is up 7% in light-volume early trade after notching a 10% gain Tuesday. China Shen Zhou Mining & Resources (SHZ) is advancing 3% this morning following a nearly 21% gain yesterday. Rare Element is up 7% early Tuesday on the news, or by almost a $1, to $13.85.
Views : pending


Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.