Rare Earth Metal Prices Go Parabolic

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Fri, 06/17/2011 - 14:05 | 1378179 Cassandra Syndrome
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Praseodymium Bitchez

Fri, 06/17/2011 - 14:37 | 1378314 Pladizow
Pladizow's picture

Yeah but as this has happened to the elements look at what has happened to the share prices in the last couple of months - they have moved in the opposite.

Perhaps a similar story here as with gold, i.e., the share prices are warning of a colapse in the price of the elements or the share prices are grossly underpriced.

I hope the later.

Fri, 06/17/2011 - 15:22 | 1378447 Ahmeexnal
Ahmeexnal's picture

MITHRIL!!!!!!!!!!

Fri, 06/17/2011 - 16:18 | 1378663 JW n FL
JW n FL's picture

Maybe China can Buy Down some of the 1,200%(+ ish) Leverage that weighs on the Yaun?

 

Fuck, even in America our Dollar is only Leveraged 120%(+ ish).. LOL!! (ish)

Fri, 06/17/2011 - 16:25 | 1378669 rocker
rocker's picture

I thinks it is called Manipulation. Look at all the miners. What do you want to own?

Shares of Goldman, BAC or the Morque, (price is truth). Maybe Net Flix, Rimm or Nokia, Price is Manipulated.

Iwill still buy the miners on a average in basis and all the physical I can. I want real stuff. No counterfeit stocks.

When the manipulators decide they got enough on the cheap. We will here Upgrade.

Fri, 06/17/2011 - 14:51 | 1378359 Hugh G Rection
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tit for tat with the LME?

Fri, 06/17/2011 - 17:44 | 1378861 A Nanny Moose
A Nanny Moose's picture

That phrase always reminds of an episode of SNL with Dennis Miller doing the news...

"Where do I get some tat, and how do I trade it for the other thing?"

Sat, 06/18/2011 - 09:21 | 1379984 Solid
Solid's picture

TDL Bitchez

Fri, 06/17/2011 - 14:05 | 1378185 Sudden Debt
Sudden Debt's picture

Funny thing about REM's.

Even the rarest of the all is more than 200 times more available than gold.

 

Fri, 06/17/2011 - 14:06 | 1378189 TheTmfreak
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I guess insert Demand (or manipulation) as the excuse for that.

Fri, 06/17/2011 - 14:15 | 1378208 Sudden Debt
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The most abundant rare earth elements (REE) are each found in the earth’s crust in amounts equal to nickel, copper, zinc, molybdenum, or lead - Cerium is the 25th most abundant element of the 78 common elements in the Earth’s crust. Even the two least abundant REEs (Thulium, Lutetium) are nearly 200 times more common than gold. Overall Rees have an abundance greater than silver and similar amounts to copper and lead.

 

AND

 

Recovery rate overall is at 63%!!

 

and most of the stuff oxidizes when you buy it so storing it is a mess.

Fri, 06/17/2011 - 14:35 | 1378278 TheTmfreak
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Yep.

Learned all about zinc and molybdenum taking geology classes. Good luck finding that in quantity. You can find it just about everywhere since the shit basically can't be destroyed.

Fri, 06/17/2011 - 15:03 | 1378397 FreedomGuy
FreedomGuy's picture

Colorado had lots of it. You gotta get the EPA and other agencies to lighten up and get long term costs in line to mine it profitably.

Fri, 06/17/2011 - 15:23 | 1378466 Manthong
Manthong's picture

Redux of the '07 rhodium spike maybe?

Fri, 06/17/2011 - 18:59 | 1379000 NidStyles
NidStyles's picture

this is what I was thinking. Pump it up and dump it for all of those sucker's that are ridiculous enough to buy into it near the top.

 

I think we will probably see some revision's to the EPA regulation's on mining in the Rockies soon.

Fri, 06/17/2011 - 14:12 | 1378217 jus_lite_reading
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YAY!! my collection of 500 used cell phones just increased in value by 10000%! Me is happy!

Fri, 06/17/2011 - 14:31 | 1378274 camoes
camoes's picture

I wonder where they went, I used to hate watching MTV play 20x per day Shiny Happy People

Fri, 06/17/2011 - 14:29 | 1378283 Roy Bush
Roy Bush's picture

More rare are the facilities that can process REM's....Tyler, do you have any insight on the continued protests against Lynas regarding the new malaysian plant and whether or not processing the Lynas material actually would have effects on the local population.  Will this thing get built or what?  Otherwise, Lynas isn't worth much.

Fri, 06/17/2011 - 15:17 | 1378431 TheDriver
TheDriver's picture

Which is why I think Great Western, which owns Less Common Metals, is a better play than Lynas right now. http://www.gwmg.ca

Fri, 06/17/2011 - 14:10 | 1378188 camoes
camoes's picture

Unobtainable bitchez

Sat, 06/18/2011 - 00:08 | 1379584 Oh regional Indian
Oh regional Indian's picture

The joke I think is unobtanium.

ummmmm, yum.

ORI

Fri, 06/17/2011 - 14:08 | 1378196 scratch_and_sniff
scratch_and_sniff's picture

Well lets hope you filled your boots then Tyler.

Fri, 06/17/2011 - 14:12 | 1378199 FunkyMonkeyBoy
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Are there paper derivatives of these rare earths on COMEX?

'Cause i like it that COMEX makes prices cheap.

Fri, 06/17/2011 - 15:16 | 1378440 malikai
malikai's picture

I'd love to score some puts here.

Fri, 06/17/2011 - 14:12 | 1378201 The Axe
The Axe's picture

The real market is the black market for rares....and you can buy them way cheaper then that Bloomberg chart...chief..

Fri, 06/17/2011 - 14:11 | 1378205 TheTmfreak
TheTmfreak's picture

What is the going rate for Chinese babies? I'm pretty sure they're dirt cheap. I'd like that figure in gold as well.

1000 chinese babies = 1 gold oz?

Fri, 06/17/2011 - 15:01 | 1378373 Hugh G Rection
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results are skewed when you factor in female chinese babies and their negative return.

Fri, 06/17/2011 - 15:10 | 1378422 TheTmfreak
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Thats a good point.

Black market doesn't work on the hocus pocus liberal nonsense. Supply and Demand.

Female Chinese Baby = Huge Supply Little Demand

Male Chinese Baby = Small Supply, Huge Demand

Nuff said.

Fri, 06/17/2011 - 15:21 | 1378459 Sudden Debt
Sudden Debt's picture

Actually it's the other way around.

When a girl is born, the press in needles into their heads so they dy.

Not many females anymore. And when the boys grow up, it's very hard for them to find a partner.

 

Fri, 06/17/2011 - 15:40 | 1378518 Hugh G Rection
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Exactly.

 

Opportunity cost of having female chinese baby= 9 months and medical expense of disposing of the fetus. Slightly less costly with ultrasound and abortion....

Fri, 06/17/2011 - 14:14 | 1378206 Cognitive Dissonance
Cognitive Dissonance's picture

China is the new America................(potential) economic power wise.

Fri, 06/17/2011 - 14:14 | 1378225 williambanzai7
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Can we merge and call ourselves Chibama?

Fri, 06/17/2011 - 14:18 | 1378242 Sudden Debt
Sudden Debt's picture

Can Belgium join to?

 

THE GREAT EMPIRE OF ChiBelgAma!

 

I LIKE IT! I LIKE IT A LOT!

Fri, 06/17/2011 - 14:28 | 1378257 Arius
Arius's picture

CBA or ABC (in order of importance....silly me still thinks West is more important....)

Fri, 06/17/2011 - 15:02 | 1378396 Sudden Debt
Sudden Debt's picture

And the good part is that we ALL HAVE COOLAID RED in our national flags, so color picking won't be that hard.

 

Fri, 06/17/2011 - 15:03 | 1378381 Hugh G Rection
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patience guys... this whole NWO thing takes time.

Fri, 06/17/2011 - 14:33 | 1378264 Cognitive Dissonance
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It's all up to Wen.

But I'm sure Wall Street is a go as long as they can handle the IPO spin offs of every single USA Federal asset. I'm sure that will keep them busy with a few extra months of printing profits. When they are done they can take it all private, then public, then.......

Churn the chumps.

Fri, 06/17/2011 - 14:14 | 1378207 williambanzai7
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Those all sound like tribes on the planet hemorrhoid.

Fri, 06/17/2011 - 14:12 | 1378214 Internet Tough Guy
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Unobtanium FTW

Fri, 06/17/2011 - 14:15 | 1378229 williambanzai7
williambanzai7's picture

We have a lock on Bailuminum

Fri, 06/17/2011 - 14:16 | 1378215 quark288
quark288's picture

So very soon Mr. Dudley would find his Ipad also costing more, wonder what would he advise us to eat next....

 

Fri, 06/17/2011 - 14:18 | 1378227 tmosley
tmosley's picture

I'm pretty sure that it's not that all the rare earths are in China as much as all the currently operating rare earth PRODUCTION is in China.  There are plenty of rare earth mines in the American Southwest that are currently mothballed due to low prices.

Of course, that doesn't mean that prices won't continue to rise.  Just be aware that the supply disruption has a limited lifetime.  And that lifetime is much less than that of the supply disruption for silver.

Fri, 06/17/2011 - 14:25 | 1378250 Sudden Debt
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 China controls besideds Yttrium 36% of all rear earths on the planet:

http://www.marketoracle.co.uk/images/2011/June/rare-earths-17-1.jpg

Fri, 06/17/2011 - 18:14 | 1378911 Shell Game
Shell Game's picture

Kind of like Bakken oil?

Fri, 06/17/2011 - 14:22 | 1378239 musicmax
musicmax's picture

Long "I Just Want to Celebrate" 45's, bitchez!

Fri, 06/17/2011 - 14:30 | 1378268 NotApplicable
NotApplicable's picture

Got needles? I hear they're kinda rare these days.

Fri, 06/17/2011 - 15:31 | 1378484 gmrpeabody
gmrpeabody's picture

Needlyndium and turntableum are rare indeed. Even recordsium is getting pricey.

Fri, 06/17/2011 - 14:22 | 1378244 Delta-Bravo-Ech...
Delta-Bravo-Echo-Charlie's picture

Rare Earth minimg companies are on sale right now! Get 'em while they're hot

Fri, 06/17/2011 - 14:26 | 1378251 spartan117
spartan117's picture

Someone queue Denninger to call for a "selective" default on US debt held by China! 

Sat, 06/18/2011 - 02:04 | 1379724 asiafinancenews
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Excellent, and why not?  China is in "selective default" on China's national debt held by foreigners including Americans and Europeans: http://www.marketoracle.co.uk/Article28271.html

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