snippet about REE from the links below:
Rare earths are a group of chemically similar metallic elements, including lanthanum, cerium, neodymium and europium. They are used in radar, high-powered magnets, mini hard-drives in laptop computers, catalytic converters for vehicles, electric-car batteries and wind turbines. China, which accounts for more than 90 percent of the global production, started cutting output and exports in 2006 as prices fell.
9 july 2010
China Cuts Rare Earth Export Quota 72%
http://www.bloomberg.com/news/2010-07-09/china-reduces-rare-earth-export-quota-by-72-in-second-half-lynas-says.html
and
the more recent 30 aug 2010
China Defends Control of Rare Earth Exports as Move to Protect Environment
http://www.bloomberg.com/news/2010-08-29/china-defends-control-of-rare-earth-exports-as-move-to-protect-environment.html
I'm new and researching into this. the way i look at it is those coys involved in REE may have more re rating to come. PEK with its cash backing and results looks more favorable as compared to NTU.
am keen to hear from from the regulars here on the qns posted by whippet.
Next series of results could be out next week if i dun remember wrongly. technically, will be looking to buy in soon now that the sp has fall within the Bbands today and may have its next leg up in anticipation of the results.
thanks in advance for the contributions.
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