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XING Qiao Xing Universal Resources, Inc. (MM)

0.635
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Qiao Xing Universal Resources, Inc. (MM) NASDAQ:XING NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.635 0 01:00:00

Rare Earth Market Remains a Volatile Guessing Game

11/02/2011 4:25pm

Marketwired


Qiao Xing Universal Resources, Inc. (MM) (NASDAQ:XING)
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Wall Street has been buzzing in recent months over the 17 so-called "rare earth elements." The metals, which are the life blood of modern computers, batteries and alternative energies, saw their prices surge on average more than 120 percent in 2010 as global economic demand grew. Recent measures by the Chinese government could send prices of rare earths even higher this year, and while China is currently dominating the rare-earth race, mining companies worldwide have stepped up efforts to extract the minerals. The Bedford Report examines the Rare Earth Elements Industry and provides research reports on Rare Element Resources, Inc. (NYSE Amex: REE) and Qiao Xing Universal Resources, Inc. (NASDAQ: XING). Access to the full company reports can be found at:

www.bedfordreport.com/2011-02-REE

www.bedfordreport.com/2011-02-XING

China presently produces about 95 percent of the global supply of rare earth minerals, but said it would cut its export quotas by 35 percent year-on-year for the first half of 2011. China's Foreign Ministry spokesperson, Jiang Yu, argues that "Other countries with rare earth resources should also develop and exploit their resources and jointly shoulder the responsibility for rare earth supply."

While the US is making efforts, it is very late to the party. In fact, most mines outside of China are far away from production. Additionally, there are no separation facilities for the all-important "heavy" rare earths outside of China. For this reason many naysayers refer to the boom in North American Rare Earth stocks as a speculative bubble.

The Bedford Report releases regular market updates on the industrial metals sector so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

A recent report from The Wall Street Journal suggests China is building up strategic reserves of rare earth metals in a move that could give it better control over the resource so indispensable to high tech products. According the report the effort "could give Beijing increased power to influence global prices and supplies in a sector it already dominates."

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer

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