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RARE EARTHS
veeone
post Posted: Oct 28 2010, 11:53 AM
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Ahh good my request was fulfilled.....Been lots of discussion of late with rare earths so thought we needed a thread for it all.
This was last week sometime i found this and worth a read.Mostly USA companies in it but still relevant worldwide. V1
Rare Earth in BlackBerry to Prius Underscores Alarm Over Supply
Rare-earth elements help give BlackBerrys their buzz, Toyota Priuses their battery power, and computer hard drives their spin.
The rare earths, a group of 17 metals including neodymium, lanthanum, cerium and europium, also have industrial and national-security uses, such as in petroleum refining, fiber- optics transmission, and military radar and missile-guidance systems.
The range of uses explains why U.S. lawmakers, officials in Japan and Germany and manufacturers of components that need these materials say they are alarmed by steps taken by China, which provides 97 percent of the world's supply, to reduce exports by about three-quarters.
Components made with rare earths are so ubiquitous that they aren't easily replaced, according to Jack Lifton, founder of Technology Metals Research LLC in Detroit, which advises investors in specialty metals. "Without anyone noticing, the rare-earth magnets have become overwhelmingly essential," he said yesterday.
Rare-earth magnets account for 80 percent of the market for "permanent" magnets that retain their charge, up from zero in 1980, he said. They are in electric motors, small earphones and mobile phones. When a BlackBerry vibrates, a high-powered magnet made with neodymium is at work converting electrical power into mechanical energy. "They are pervasive in our technology, especially in miniaturization of electronics," Lifton said.
Automakers relying on neodymium-iron-boron magnets, used in power-steering equipment, "are concerned about long-term access to under-the-hood magnets because they import them from China and Japan," Lifton said in a phone interview.
Ford 'Monitoring' Situation
Todd Nissen, a spokesman for Ford Motor Co., said in an e- mailed statement that "we're monitoring the situation and do not expect any impact on our production." He declined to comment on how any shortage of the minerals would affect commodity prices or on Ford's sources of rare-earth metals.
While the elements aren't as rare in nature as the name implies, they are difficult to find in profitable concentrations, expensive for Western producers to extract and often laced with radioactive elements. China has come to dominate the market because it has been able to produce the elements more cheaply and with fewer environmental restrictions than its competitors.
Japan, the largest importer of Chinese rare-earth materials, has said China halted shipments to Japanese users last month after a collision in disputed waters between a Chinese trawler and the Japanese Coast Guard led to the fishing- boat captain's detention. Chief Cabinet Secretary Yoshito Sengoku said Oct. 20 that the import situation "hadn't changed" weeks after the captain's release.
Chinese Delays
China said this week that it hasn't suspended shipments to the U.S. and Europe, as reported on Oct. 20 by the New York Times. Chinese customs officials are delaying shipments by various means, such as imposing extra inspections, according to industry participants who spoke on condition of anonymity because of concern about Chinese reaction.
China's 72 percent reduction in export quotas for the second half of this year, which it announced in July, and the customs delays since then are driving up prices. U.S. Representative Edward Markey, chairman of the House Select Committee on Energy Independence and Global Warming, asked the Obama administration on Oct. 21 to report on China's export restrictions and ramifications for the military and U.S. clean- energy producers.
'Potential Threat'
China's "apparent willingness" to use its supply for leverage in wider international affairs "poses a potential threat to American economic and national security interests," the Massachusetts Democrat said in a letter to four Cabinet members. China said in July that it cut export quotas to allow it to close polluting and inefficient mines while continuing to meet domestic needs. The nation will "continue to supply rare earth to the world" while maintaining restrictions "to protect exhaustible resources and ensure sustainable development," the Commerce Ministry said in a statement Oct. 20.
Prices have climbed sevenfold in the last six months for cerium oxide, which is used for polishing semiconductors, and other elements have more than doubled, according to Metal-Pages Ltd. in London, which tracks rare-earth prices. China accounts for about 36 percent of global rare-earth reserves, the largest share, and the U.S. is second, with 13 percent, according to the U.S. Geological Survey.
Molycorp's Mine
The uncertainty over Chinese supplies and rising prices are encouraging efforts to produce new supplies. Molycorp Inc. is seeking $280 million in U.S. government loan guarantees to help finance restarting an open-pit mine in Mountain Pass, California, in the Mojave Desert. The mine once met almost all the world's demand for rare-earth metals before closing down in 2002 due to competition from cheaper Chinese supplies. Molycorp plans to resume production by the end of 2012.

Makers of catalysts for the oil-refining industry are among the major users of rare earths in the U.S., Lifton said. Albemarle Corp. of Baton Rouge, Louisiana, W.R. Grace & Co. of Columbia, Maryland, and BASF SE's catalysts unit in Iselin, New Jersey, are three of the largest importers of lanthanum, used to break down heavy crude into light crude, Lifton said.
Lanthanum also is used for nickel-metal hydride batteries that power hybrid cars, such as Toyota Motor Corp.'s Prius.
Toyota said last month it created a special unit to ensure its supply isn't disrupted and recently announced a contract to obtain rare-earth metals from India. The carmaker, the world's largest producer of gasoline-electric vehicles, also uses the materials in electric motors.
Lanthanum, Samarium
With the exception of lanthanum and samarium imported by Electron Energy Corp. of Landisville, Pennsylvania, the U.S. "mostly imports finished products" made with rare-earth materials, Lifton said.
Electron Energy uses the samarium to make samarium-cobalt magnets that are used mostly in military applications, including missile guidance systems, radar, and electronic warfare systems.
Commercial and military airplanes also use samarium-cobalt magnets for power generation, Peter Dent, vice president for business development at Electron Energy, said in a phone interview.
"If you want to move an electron you need to have a magnetic field to do it," Dent said. Magnets made from rare- earth materials do the job efficiently by "either converting mechanical power to electrical energy or vice-versa," he said.
Wind Turbines
Neodymium-based magnets also are used in wind turbines "where they want as high a magnetic power as they can get," Dent said.
Sarah Howell, spokeswoman for the American Wind Energy Association in Washington, said in a statement Oct. 21 that few utility-scale wind turbines in the U.S. currently use rare-earth metals.
"While their use in wind turbine technology is attractive, the rate at which they will be adopted in the future will depend in part on the cost, availability and reliability of supply," she said. "It's also important to realize that the U.S. has domestic rare-earth resources that it can develop with capital- intensive investment, and that there is ongoing R&D on substitutes."



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nipper
post Posted: Oct 28 2010, 11:42 AM
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In Reply To: NightStalker's post @ Oct 28 2010, 11:34 AM

cursory examination of ASX stocks (see below) involved in REEs exhibit similar selling tendencies over the last few days

ALK Alkane
ARU Arafura
AIW AusAmerican Mining
GGG Greenland
GXY Galaxy
KOR Korab
LYC Lynas
NAV Navigator
NTU NT Uranium
ORM Orion Metal

loose thinking sinks portfolios.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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NightStalker
post Posted: Oct 28 2010, 11:34 AM
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In Reply To: Dave_vic_ozz's post @ Oct 28 2010, 10:35 AM

And guess who is the most likely to have been involved in the blatant insider sell down of ARU the two days leading into the announcement of the cap raising? No accusations being made, but suspicions are around ....

"Here you go, boys - sell your ARU shares now while they're at 1.70, and push 'em down to around 1.40-ish. Then you can replace all the ones you sold with newly created placement shares at 1.20 in a couple of days time. Oh yes - have a good early Christmas, boys. Oh yeah - and while we're at it, keep this quiet - it won't be announced for a couple of days yet".



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Regards, NightStalker

Algorithmic trading, and HFT are rendering Technical Analysis null and void.
 
Dave_vic_ozz
post Posted: Oct 28 2010, 10:35 AM
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http://www.businessweek.com/news/2010-10-2...er-futures.html

JPM HSBC sued over silver pricing.

claims a whistleblower contacted the CFTC last year and reported the banks’ conspiracy to suppress prices of silver futures to profit from “enormous” short positions in silver futures.



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My comments reflect the moment in which they were posted.
Everything can change, and usually does, without notice.
 
arty
post Posted: Oct 27 2010, 10:35 AM
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In Reply To: ShareScene.com's post @ Oct 26 2010, 10:57 AM

http://www.asx.com.au/asx/statistics/displ...;idsId=01113107

shows a good overview - slight slant towards ORM's Killi Killi project. Worth a read.



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
ShareScene.com
post Posted: Oct 26 2010, 10:57 AM
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Created by Request:
RARE EARTHS

Thankyou
Sharescene.com

 
 


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