China's Stranglehold on Rare Earths to Loosen as North American Production Facilities Come Online
16.05.2012 | Marketwire
The Paragon Report Provides Stock Research on Quest Rare Minerals and Lynas Corp.NEW YORK, 05/16/12 - China's hoarding of rare earth metals has been a growing problem for the U.S. as the metal is widely used by the U.S. military, and crucial for the manufacturing of popular consumer products. According to a Congressional Research Service (CRS) Report in April China currently produces 97 percent of the world's rare earth oxides. The Paragon Report examines investing opportunities in the Rare Earths Industry and provides equity research on Quest Rare Minerals Ltd. (NYSE: QRM) (TSX: QRM) and Lynas Corp. Ltd. (PINKSHEETS: LYSCF).
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"There may be repercussions if these materials are not available for commercial and defense applications," the CRS report said. "The rare earths supply chain vulnerability question may adversely affect the ability of the United States to plan strategically for its national security needs."
A study by the Defense Department published in March finds that the stranglehold China has on rare earth production could be coming to an end with new production facilities in North America coming online. The Defense Department report concluded that by 2013 the U.S. military, which is almost completely dependent on China for rare earth elements, will be able to meet a majority of their demand.
Paragon Report releases regular market updates on the Rare Earths Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.
Quest Rare Minerals Ltd. is a Canadian-based exploration company focused on the identification and discovery of new and significant Rare Earth deposit opportunities. Quest is currently advancing several high-potential projects in Canada's premier exploration areas: the Strange Lake and Misery Lake areas of northeastern Québec. The company reported revenues for the first quarter ended January 31, 2012 were $180,793 compared to $153,304 for the quarter ended January 31, 2011, and consisted of interest income earned on funds on deposit.
Lynas Corporation Ltd is an ASX 100 listed company, with the strategy to create a reliable, fully integrated source of Rare Earths from mine through to market, and to become the benchmark for the security of supply and environmental standards in the global Rare Earths industry. Lynas is set to provide the first new source of supply of Rare Earths outside of China when it comes online in Q2 2012.
Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.ParagonReport.com/disclaimer
