August 2010
August 31, 2010 –
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RELATED TICKERS: MCP
, BHP
, TCK
Based on data reported by Metal-PagesTM and Asian MetalTM prices for individual rare earth oxide have risen between 22% and 750% since January, 2010, although the most significant rises have occurred since the June announcement on export quota reductions. The largest percentage price increases have been for cerium and lanthanum, which most analysts believe is largely due to China's exporters limiting exports of the low valued light rare earths in favour of the high valued heavy rare earths, creating an artificial (and likely temporary) shortage of these light rare earths outside China. However, there is also increased demand anticipated in the catalyst and battery markets for cerium and lanthanum, the latter linked to growing demand for hybrid and electric cars.
With the exception of terbium, today's prices for all the rare earths are the highest they have been since 2001, when price data became more widely available for individual rare earth elements. Based on a simple, un-weighted, arithmetic average, rare earth prices as a group have risen a remarkable 300% since the beginning of 2010! This has no doubt contributed to the increased trading activity witnessed recently in the shares of rare earth companies such as Avalon.
China's Ministry of Commerce had also indicated that it would implement a range of policies putting the government in control of private and unauthorized mines that produce rare earth elements (especially from the heavy rare earth-rich South China ionic clays), implementing stricter regulations towards improving environmental performance of its mining sector, and requiring foreign companies to move factories to China to complete production of items using rare earths.
The following table illustrates the change in prices for each of the most commonly traded rare element oxides based on data reported by Metal-PagesTM, and Asian MetalTM on an ‘USD FOB ex-China per kilogram' basis. For simplicity, the prices documented are the mid-points between the bid and the ask prices on the reference dates.
Heavy Rare Earths
Europium
485 1/5/2010
590 8/5/2010
22% INCREASE
Terbium
365 1/5/2010
605 8/5/2010
65% INCREASE
Dysprosium
117.25 1/5/2010
286.50 8/5/2010
144% INCREASE
Yttrium
10.25 1/5/2010
34.50 8/5/2010
236%
Gadolinium
6.75 1/5/2010
40.00 8/5/2010
490% INCREASE
Light Rare Earths
Neodymium
22.50 1/5/2010
55.25 8/5/2010
145% INCREASE
Praseodymium
21.50 1/5/2010
54.50 8/5/2010
155% INCREASE
Lanthanum
5.60 1/5/2010
33.50 8/5/2010
500% INCREASE
Samarium
3.95 1/5/2010
31.80 8/5/2010
720% INCREASE
Cerium
4.15 1/5/2010
33.00 8/5/2010
695% INCREASE
There is general consensus that there will be growing demand for rare earths to enable Clean Technology and tight supplies (especially for the heavy rare earths) until new projects such as Nechalacho come on stream over the next five years. Consequently, significant prices increases are anticipated, although the magnitude of the recent increases has surprised many industry observers. In some cases, individual rare earth prices are already ahead of price forecasts for 2015. [more]
August 31, 2010 –
Rare Earth Metals Vital for US Defense and Economy
By Michael Montgomery, Rare Earth Investing News [more]
August 26, 2010 –
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RELATED TICKERS: AXU
, SLV
, GLD
Bellekeno mill, and is expected to be completed on schedule and prior to commissioning and start-up of the mill in the third quarter of calendar 2010.
Once complete, the Bellekeno mine will operate at 250 tonnes per day supplying feed to a conventional flotation mill, producing up to 12,000 tonnes of lead-silver concentrate per year and 8,400 tonnes of zinc concentrate annually and generating up to 2.8 million ounces of silver per year. Initial silver grades in 2010 and 2011 are expected to be approximately 1,000 grams per tonne. The mine and mill operations will employ approximately 120 people and are expected to directly invest more than $25 million annually for labour, materials and supplies in the Yukon. Once operational, the Bellekeno Mine will be Canada's only primary silver mine and will be one of the highest grade silver operations in the world. [more]
August 25, 2010 –
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RELATED TICKERS: LB.DL
Stocks that have low floats seem to suffer the most when the market tanks. One such example is (LB) which is down some -20% while the market has been tanking in August. Problem with this stock tanking is that its suppose to be a defensive play and its earnings are on pace to increase going forward 1 year because this stock is not affected by consumer spending.
Its a Defense stock thats acting like a consumer stock.
Should turn course once earnings are released very soon..
Stocks: LB [more]
August 24, 2010 –
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RELATED TICKERS: BHP
, POT
, MOS
MELBOURNE (Reuters) - BHP Billiton's monster earnings expected this week could strengthen its hand in its $39 billion bid for fertilizer group Potash Corp and intimidate any rival bidders. [more]
August 20, 2010 –
Nearly 50 percent leave Obama mortgage-aid programObama mortgage-aid effort struggles as nearly half of those enrolled fall out of program Martin Crutsinger, AP Economics Writer, On Friday August 20, 2010, 1:08 pm
WASHINGTON (AP) -- Nearly half of the homeowners who enrolled in the Obama administration's flagship mortgage-relief program have fallen out. [more]
August 20, 2010 –
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RELATED TICKERS: CALL
when the market was crashing -245 points.
Call was in the mid $20's and soaring as the market was crashing.
August 19, 2010 –
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RELATED TICKERS: GLD
, AUQ
, GOLD
into its Wedding Season starting in Sept. thats the reason Gold rallies every year in the Fall. You gotta know what causes the trends to make money in the market, otherwise your trading blindly. [more]
August 18, 2010 –
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RELATED TICKERS: AUQ
, GLD
, GOLD
While the global economy is proving troubling for the Yen and the Dollar, Gold companies are reporting strong quarterly earnings reports. Increased prices for the yellow metal and expansion possibilities due to profitability are helping drive company profits higher. Last week, Gammon Gold Inc. announced its earnings for the 2Q 2010 with a higher operating profit boosted by production increase and higher gold prices. The company earned $11.4 million excluding items. Traders can have complimentary access to today's complete research report on Gammon Gold Inc. [more]
August 12, 2010 –
As shorts take profits ahead of the weekend. It took the market 5 weeks to gain 9%, but the shorts got 4% in just 24 hours.
Play the bounce correctly right now before it occurs on Friday..
August 12, 2010 –
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RELATED TICKERS: CREE
, PANL
Europe's First All-LED Industrial Plant Opens in The Netherlands
Packaging Facility Features More Than 100,000 Cree XLamp® LEDs [more]
August 12, 2010 –
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RELATED TICKERS: CREE
, PANL
PANL has risen to nearly a Billion market cap and yet it still does not make a profit. Its one of those stocks that can defy logic and go up on pure hype. While I like PANL future, nearterm it may be overbought while its competitor seems very intriguing at current prices down -$16/shr in just a few trading days. Last time it fell that fast from April highs to May lows it regained 66% of its losses within a month.
August 11, 2010 –
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RELATED TICKERS: ICOP.DL
, CALL
Amazing while the market is crashing they are soaring. Is it possible that naive investors sold all their red colored stocks and bought these two with the proceeds?
ICOP & CALL
August 10, 2010 –
If You Need the Market Higher Just drop the Dollar
posted by Inthemoneystocks [more]
August 10, 2010 –
Thats one of the first things you learn when trading. [more]
August 09, 2010 –
Goldman: Fed may stimulate economy by ‘unconventional' means
Published Monday August 9, 2010 [more]
August 06, 2010 –
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RELATED TICKERS: ANDE
, INGR
, ADM
Corn futures retreated slightly today after yesterday's big move. [more]
August 06, 2010 –
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RELATED TICKERS: ANDE
, INGR
it has storage of corn,wheat and such. But CPO which also has storage of corn may be a better bet now because it has not moved yet. Its little followed but that could change quickly with just one little headline about it. I will keep it on my watch screen for now and jump on it if it starts moving up. [more]
August 04, 2010 –
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RELATED TICKERS: ANAT
Especially when I picked a good stock that went up almost 20 points and I still have negative points on it from caps.
ANAT went $66.98 to $80.41 for me but still I can't rack up positive points on it.
Should I just close it, cause I hate losing points?
August 04, 2010 –
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RELATED TICKERS: SGY
, RIG
, APC
because of the effects of the drilling stop in Gulf. One of their wells was affected.
I bet I am not the only one shocked at SGY beating estimates today.
August 02, 2010 –
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RELATED TICKERS: NEWP
very dissappointing for a stock that last qtr earned .14 eps, this qtr earned .22 eps and estimate is for .24 eps for next qtr and .27 eps for the following qtr yet the stock is down on profit taking after it beat last week and raised guidance.
NEWP down -.047/shr to $12.26
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