Austin, TX. (PRWEB) February 18, 2012
The recent Absolute Wealth newsletter talks about how the prices of Rare Earth mining companies stocks are increasing, because of consumer dependency upon high tech products. Products that consumers purchase and use every day require rare earth metals in their production, reveals the recent Absolute Wealth newsletter, like cell phones, computers, DVD’s, rechargeable batteries, the catalytic converter on your car, fluorescent lights, and much more. These high tech products, the recent Absolute Wealth newsletter explains, and their demand have made the entire world heavily dependent on China, which produces over 90% of the low value Rare Earth Metals, and up to 99% of the high value Rare Earth Metals for world consumption.
Since there are currently no active Rare Earth Metal mines in the United States or North America, obviously the current state of affairs has become a cause for concern, reveals the recent Absolute Wealth newsletter. There are currently only two permitted world class Rare Earth Metal mines in the United States, consequently the Absolute Wealth newsletter explains, in the event that if Rare Earth Metals mining were to occur in the United States, the mined Rare Earth Metals would be sold to overseas refineries for further elemental or alloy processing. As the price of a modern Rare Earth Metals refinery is estimated at $1 billion, adds the recent Absolute Wealth newsletter, the willingness to enter this market has been limited and reluctant.
By 2009, world production increased 45%, and Chinese production increased 77% to 129,000 metric tons, the Absolute Wealth newsletter explains. Production from other countries decreased to about 3,000 metric tons in 2009, the recent newsletter adds. In other words, over the span of twenty years, China has gone from being the dominant player to the only game in town, reveals the recent Absolute Wealth newsletter. In the second half of 2010, the newsletter adds, China sharply cut exports by 72% causing a global price spike of over 500%.
These developments suggest that China’s Rare Earth Mining Companies stocks will skyrocket during the next few years, predicts the recent Absolute Wealth newsletter. So now is the time to investigate the best Rare Earth stocks, explains the recent Absolute Wealth newsletter. In the second half of 2010, the recent newsletter reveals, China sharply cut exports by 72% causing a global price spike of over 500%, that is why savvy investors are learning how to buy Rare Earth Metals.