promotion, page-10

Amazing that there almost zero report on PEK's mining results. Only pro active investor, that I can see.

Just seen a article heavily promoting PEK's number one potential money maker - Neodymium. If there is any truth to the story (refer last sentence), then China will be keeping all Neodymium for themselves. Where will the rest of the world get this precious metal???? Hey I know a place, its somewhere in Tanzania!!

"Apart from concerns over international trade, the need for rare earths is significant because one cannot assume an infinite growth of wind turbines and solar panels. Jack Lifton, a rare earth metals industry specialist, cautions wind power enthusiasts by stressing that neodymium is a limiting natural resource for wind power development and essentially all of it is mined in China. He reminds wind power advocates that “[i]t has been estimated that to build the latest and most efficient one megawatt capacity wind turbine-powered electric generator, requires one metric ton of the rare earth metal neodymium for use in a permanent magnet made from the alloy neodymium-iron-boron.” He also questions whether China‘s rare earth mines can meet the anticipated domestic demand for neodymium, especially if rumors prove true that the China State Council plans to add a total of 330 GW of wind power capacity between 2011 and 2020."