China to consolidate The Rare Earth Metals sector

China to shake up The Rare Earth Metals Industry , Mike Elliot, global mining & metals leader at Ernst & Young, believes Beijing's move to consolidate the rare earth sector and the creation of the new Baotou exchange in Mongolia will directly impact exports and prices of the mineral.

Jim Rogers The future of Rare Earth Metals is great

Jim Rogers :"....Well, China does produce 97% of rare earth. Uranium is not a rare earth, but they do produce a lot of uranium as well. The future of rare earth is great. What is happening is the prices are going through the roof because the Chinese do control the supply, but it is pure simple capitalistic economics now. A lot of other people are opening mines because they can make a lot of money and governments are behind the companies opening new mines. So it’s all going to bring a new supply and eventually the price of rare earth will come down again. But in the mean time until the new mines can come on stream, somebody is going to make a lot of money...."

China Got Us By The Rare Earth Metals

http://www.hotstocked.com

Rare Earth Metals, crucial elements of every piece of technology available on the marke today, from green energy cars and turbines, to ipods, computers, cancer treatments and military equipment, are about to become even RARE-er.
China, who is the sole producer of 97% of the world's Rare Earth supply, is threatening to put embargo on exports.

Meanwhile, instead of helping the struggling Rare Earth domestic industry, comprised of several development stage companies:

Ucore Rare Metals, Inc. PINK:UURAF

Medallion Resources Ltd. PINK:MLLOF

Rare Element Resources Ltd. NYSE:REE

Molycorp, Inc NASDAQ:MCP

Lynas Corp. Ltd. . PINK:LYSDY; PINK:LYSCF

Alkane Exploration NL PINK:ALKEF

Greenland Minerals and Energy Ltd. PINK:GDLNF,

the US goverment is using the same strategy which has once already failed with Oil: begging foreign countries not to take advantage of their monopolies.