Molycorp and Rare Element Resources -- Shining Stars in a Blossoming Industry

   Rare earth prices have skyrocketed this month with several changes to Chinese mining and trade policies are being attributed to price rise. Earlier this month Chinese officials said they expect rare earths supply to outpace demand within five years on the expectation that new projects in countries such as Canada and the US will help stabilize the current supply/demand imbalance. The Bedford Report examines the Rare Earth Elements Industry and provides stock research on Molycorp, Inc. (NYSE: MCP) and Rare Element Resources Ltd. (NYSE Amex: REE) (TSX-V: RES). Access to the full company reports can be found at:

www.bedfordreport.com/MCP

www.bedfordreport.com/REE

Declining Chinese exports are believed to be one of the catalysts behind the recent surge in rare earth prices. China, who currently controls more than 90 percent of the rare earth export market, said that exports of rare earth metals fell nearly 9 percent in the first five months of this year compared against the year-earlier period. Statistics collected in Hong Kong show exports of rare earth metals have shrunk in half over the past year. Over the same period, the value of exports has soared to more than $121,000 per tonne, a 10-fold jump from a year ago.

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With China clamping down on rare earth exports, North American explorers are making a strong push into the highly lucrative rare earth sector. The United States used to be the world's top exporter, but was overtaken by China in the mid-'80s due to the country's cheaper labor and less environmental restrictions.

Colorado-based Molycorp is currently in development stage and is focusing to be an integrated producer of rare earth products, including oxides, metals, alloys and magnets. Presently Molycorp's Mountain Pass mine produces about 3 percent of the world's rare earths from stockpiled concentrate, but the company plans to eventually turn out a quarter of the total supply.

Rare Element is a mineral resource company focused on exploration and development of rare-earth elements and gold. Shares of the company have been on the upswing this month after it announced that its Bear Lodge project in Wyoming has 20% more rare earth oxides in it than it initially estimated.

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