Battle for 'rare earth' begins

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Mon 01 Nov 2010

RRR - Red Rock Resources Latest Prices Name Price % Red Rock Resources 10.75p +4.88% African Consolidated Resources 9.12p 0.00% Thor Mining 1.32p -5.36%   FTSE AIM All-Share 846 -0.29% Mining 25,818 -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.