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.
If you want to add your voice and contribute to this existing news event, use the event code
(Event Code: @13009829), that you will find on each news event page, as the first word of the
SMS or MMS message followed by a space then add your contribution (text, image or video). For example:
@13009829 This is an amazing video of Greg Norman hitting a hole-in-one in Sydney, Australia.
The first word of the message should be @13009829 (event code), to make sure the system attaches
your voice to the right news event.