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Friday, November 12, 2010

Battle for 'rare earth' begins

TO READ MORE CLICK HERE
Mon 01 Nov 2010
RRR - Red Rock Resources
chart
Latest Prices
NamePrice%
Red Rock Resources10.75p+4.88%
African Consolidated Resources9.12p0.00%
Thor Mining1.32p-5.36%
 
FTSE AIM All-Share846-0.29%
Mining25,818-2.64%
LONDON (SHARECAST) - Most of us won’t have looked at a periodic table since school, but now’s the time to brush up on your chemistry as mining companies go chasing ever more exotic and elusive elements.

Rare earth metals are the latest craze in the mining world. China has the biggest deposits and is getting protective. It announced last year that exports would be cut in 2010-15, and if recent press reports are to be believed, will ship out 30% less in 2011. 

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