Molycorp, Inc. (MCP) - Molycorp has one of the
largest and richest reserves in Mountain Pass, California. Below is a letter from the CEO of Molycorp.
Currently, Rare Earth Dependent Technologies are nearly 100% reliant on Chinese-sourced materials. While
in recent years China has managed to supply the entire world’s demand for Rare Earths, a dramatic shift is beginning
to take place. As global requirements for Rare Earths continue to grow considerably (fueled primarily by the development and
deployment of green energy technologies like hybrid vehicles, energy efficient lighting and wind power), China’s own
domestic use of its resources is also soaring—with internal consumption presently at about 60% of production and rising
The best plan for ensuring the future security of America’s Rare Earth Dependent
Technologies is developing a strong domestic Rare Earth industry based on the responsible use of our own strategic reserves.
Fortunately, the U.S. has one of the world’s largest and richest Rare Earth deposits at
Molycorp Minerals’ facility in Mountain Pass, California. At Mountain Pass we are producing certain Green Elements and
plans are in place to bring the facility back into full production following an extensive modernization and expansion project.
With appropriate federal assistance for research, development and capital costs, Molycorp Minerals is prepared to move forward
to reestablish domestic manufacturing capacity on an expedited basis.
delayed the production of the mine in 2013 which caused their stock to drop to $5. It's not all Molycorp's
fault. The drop in metal prices all around the world has effected rare earth metal prices. When we start seeing
gold and silver rebound, investors will be looking hard at Rare Earth Elements again. This could happen in 2014 or 2015.
Rare Element Resources Ltd (REE) - Rare Element Resources is a small rare earth metals company that
has been testing part of Canada, specifically Manitoba, where they have expanded their Eden Lake property. Like MCP,
wait until we see a rebound in metal prices to look at these stocks.
Other Rare Earth Metals Stocks
Avalon Rare Metals (AVL)
Quest Rare Minerals
Top Rare Earth Metal Penny Stocks 2014
Rare Earths and Materials Corp (AREM)
RARE EARTH METALS (RAREF)
Great Western Minerals (GWMGF)