Lynas Corp Surges as World's Rare Earths Supply Gets Tighter

Last August, we told investors to consider Lynas Corp (LYSCF), which controls one of the world's largest known rare earths metals deposits. Since then, the price of shares have skyrocketed well over 200%.


Even more astounding than that, China recently announced that it would cut its 1H 2011 rare earths export quotas by 35%--putting the spotlight back on non-Chinese rare earths companies.


You may recall that China's Ministry of Commerce released a statement in November indicating that 2011 quotas would decline, but only slightly. In fact, the Ministry of Commerce went as far as denying reports that quotas would be cut over 30%. So why is China reneging?



CONTINUE >>