SOURCE: The Bedford Report

The Bedford Report

March 07, 2011 08:46 ET

North American Rare Earth Miners Ready for Increased Responsibility

The Bedford Report Provides Analyst Research on Rare Element Resources & Great Western Minerals

NEW YORK, NY--(Marketwire - March 7, 2011) - Rare Earth stocks have been volatile in recent months as even the most minor changes in China's export quotas have caused noticeable price changes. Last month Chinese Premier Wen Jiabao announced the nation's new rare earth development plan, taking some uncertainty out of the rare earth market. China presently produces about 95 percent of the global supply of rare earth minerals. The Bedford Report examines the Rare Earth Elements Industry and provides research reports on Rare Element Resources, Inc. (NYSE Amex: REE) and Great Western Minerals Group (PINKSHEETS: GWMGF). Access to the full company reports can be found at:

Jiabao recently explained that under a five-year plan, China will promote new technology in the industry and accelerate the pace of mergers and acquisitions among rare-earth producers. China will take stricter measures to control mining of rare earths and lift environmental standards, while continuing to cap production and exports with the quota system.

Late in 2010, China announced that 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 believes that "Other countries with rare earth resources should also develop and exploit their resources and jointly shoulder the responsibility for rare earth supply."

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 and get exclusive access to our numerous analyst reports and industry newsletters.

The United States, Australia and Canada are making efforts to begin producing rare earths. Currently there are no separation facilities for the all-important "heavy" rare earths outside of China.

Recently Great Western Minerals announced that it is holding advanced discussions with several companies with the intent of engaging a partner in the construction of a Rare Earths separation plant in South Africa. The separation plant will process the mixed rare-earth chloride produced at the company's Steenkampskraal project into separated rare-earth oxides.

Canada-based, Rare Element Resources has a 100% interest in the Bear Lodge property located in northeast Wyoming. A recent economic assessment shows that the deposit has an internal rate of return of nearly 40 percent.

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