Chinese government wants to "increase value-added products and give full play to China's rare earth resources.
Austin, TX. (PRWEB) February 23, 2012
Rare earth metals are the topic in today’s Absolute Wealth newsletter post “How To Buy Rare Earth Metals Is A Growing Question For Investors” that discusses China’s plans for cutting back on exporting. Today’s Absolute Wealth newsletter reports that China is currently exporting about 95% of the worlds rare earth metals, and has been downsizing exportation more and more over the past couple of years. There are rumors that China will cut exportation of rare earth metals all together, adds the Absolute Wealth newsletter today, and China will only use rare earth metals for products they produce inside their own country.
The Absolute Wealth newsletter today reported that people in the United States plus other countries are heavily dependant upon many products that use rare earth metals in their production. Cell phones are one of the products that are in high demand which require rare earth metals in their production, the Absolute Wealth newsletter adds today. Computer memory is another product that people use every day, the Absolute Wealth newsletter adds today. The military is also highly dependant upon the use of rare earth metals, explains today’s Absolute Wealth newsletter, because of so many military items that use rare earth in their production.
The Absolute Wealth newsletter revealed today, that the MarketWatch.com website published an article about China’s rare earth mining companies stocks exportation, on February 21,2012 titled, “China aims to speed up rare-earth development” which reported the “Chinese government wants to "increase value-added products [and] give full play to China's rare earth resources,” the ministry said in a development blueprint published on its website.” The Absolute Wealth newsletter also said that MarketWatch.com website reported, “In the plan, it set higher output goals for a range of downstream technologies that use these metals. In addition, the government has reiterated its goal of enlarging rare-earth strategic stockpiles, though it didn't specify a volume in the blueprint.”
Absolute Wealth has just released their “Rare Earth Riches” eBook to provide the information people are looking for, so they can make informed choices on the best rare earth stocks and understand these unique investment opportunities on how to buy rare earth metals.