Happy New Year everyone. Considering their initial JORC is going...

Happy New Year everyone. Considering their initial JORC is going to be no where in the vicinity of their Big Brother GGG, will we be looking at RMR sp going into the abyss of 0.002 in the coming weeks?

RMR the cayote chasing the ever elusive and currently looking soon to be in oblivion roadrunner REEs. Wonder if RMR find hidden gold, silver, oil and gas in their digs by any chance to add up into their resume....hmmmm....

Oh dear oh dear oh dear, the old lady of the tweety bird say...

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Can China's monopolisation of the rare earth market be reduced?

Not only is Molycorp (NYSE: MCP [FREE Stock Trend Analysis]) just getting underway, but it must sell REEs in a market in which China cannot even sell half of its export quota

What does this percentage refer to?

97%

That's the percentage of global production of Rare Earth Elements (REEs) controlled by the People's Republic of China. But even with a virtual monopoly, sales are sluggish in the REEs business.

BEIJING (AP) — China announced a cut Tuesday in its rare earths export quota as it tries to shore up sagging prices for the exotic metals used in mobile phones and other high-tech goods.

China accounts for 97 percent of rare earth output and its 2009 decision to curb exports while it builds up an industry to create products made with them alarmed foreign companies that depend on Chinese supplies.

In its latest quota, the Commerce Ministry said exporters will be allowed to sell 10,546 tons of rare earths in the first half of 2012. That is a 27 percent reduction from the quota for the first half of 2011.

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http://www.benzinga.com/general/12/01/2246093/can-chinas-monopolisation-of-the-rare-earth-market-be-reduced