Any know were i can get exposure to the rare metals mentioned in this article
Niche metals still roaring despite broad market pull-back
By Jon Nones
23 May 2006 at 11:10 AM
Rhodium has surged to $6,275 an ounce, and has risen more than tenfold since early 2004, driven by demand for catalysts, plasma LCD screens and missile technology. Tungsten, used in drills and light bulbs, is up 330%; while iridium has soared 328% on its use in compasses and pen tips. Molybdenum is up eightfold; ruthenium fivefold; both cadmium and antimony have more than tripled.
Barclays Capital cited the roaring bull market for niche metals as proof that real demand, fuelled by Asia's industrial revolutions, is the real driver of the global commodities boom.
"When market commentators use the simplistic argument that industrial metals are being driven by investment bubbles, they would do well to look at price performance in some of the non-exchange traded minor metals markets," said the bank's commodity analyst, Kevin Norrish. "These metals cannot be invested in, but prices are being driven higher by the same structural changes in fundamental demand as copper, increasingly classed as a speculative bubble."
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