This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Rare Earth Stocks Firming After Correction

Stocks in this article: REMX AVL MCP REE GMO

NEW YORK ( TheStreet) -- Following a brief correction the day before, strategic, rare earth stocks have largely been trading higher as the broader equities dip in the red amid mixed U.S. jobs reports.

Shares of the recently created Market Vectors Rare Earth Strategic Metals ETF (REMX) have inched up 0.9% to $23.30.

Rare earth stocks outside China have been heating up since Dec. 29, around the time when China said it would slash rare earth exports by 35% in the first half of 2011 vs. the same time last year.

China generates about 97% of the world's rare earth minerals supply.

Shares of Avalon Rare Metals (AVL) have fallen 0.6% to $6.36 as it is lowered to hold from buy by Laurentian Bank. Earlier, it was popping by 2.3% to $6.55, even as the broad equities lagged.

Molycorp (MCP - Get Report) is up 0.7% to $53.21. RealMoney contributor and Shark Asset Management CEO Rev Shark recently said in a RealMoney article of his that the stock has been leading the pack of rare-earth plays that have attracted aggressive traders.

Rare Element Resources (REE) has risen 4.6% to $14.47 as it continues to benefit from news on China's restrictions on rare-earth exports and rising demand for such minerals in the country. General Moly (GMO), another junior miner who has benefited from the growing interest in rare-earth mineral plays, has risen 4% to $6.21.

More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Andrea Tse in New York.



>To contact the writer of this article, click here: Andrea Tse.

>To follow the writer on Twitter, go to Andrea Tse.

>To submit a news tip, send an email to: tips@thestreet.com.

Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs