SOURCE: The Bedford Report

The Bedford Report

May 31, 2011 08:16 ET

Rare Earth Boom Shows No Signs of Slowing

The Bedford Report Provides Analyst Research on Rare Element Resources & China Shen Zhou

NEW YORK, NY--(Marketwire - May 31, 2011) - Demand for rare earth elements continues to skyrocket as the metals play an integral role in modern technology. It is estimated that China holds about 30 percent of the world's rare earth deposits, but accounts for over 95 percent of global production. With prices for the elements surging higher, explorers worldwide are finally trying to cash in on this lucrative sector. The Bedford Report examines the Rare Earth Elements Industry and provides research reports on Rare Element Resources, Inc. (NYSE Amex: REE) and China Shen Zhou Mining & Resources, Inc. (NYSE Amex: SHZ). Access to the full company reports can be found at:

Rare earths came under the spotlight two years ago after China started to reduce export quotas. Beijing's influence aroused concern when exports of rare earths to Japan were temporarily suspended after a diplomatic dispute. China has continued clamping down on production and sale of rare earth elements, citing a need to clean up highly polluting production processes and to stop illegal exports. This month Beijing said it cracked down on smuggling of rare earths and imposed quotas for exports of rare earth alloy products as part of its campaign to strengthen control over the sector.

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.

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.

China Shen Zhou Mining & Resources is engaged in the exploration, development, mining, and processing of fluorite and nonferrous metals such as zinc, lead and copper in China. Last month the company's subsidiary, Xiangzhen Mining, announced that it will increase the prices of its fluorite powder products from the current $380 per ton to approximately $470 per ton. Xiaojing Yu, CEO of China Shen Zhou, commented, "We believe a program to more efficiently use China's scarce fluorite resources will be an advantage to everyone. Rising prices for our fluorite products will generate greater benefits and further increase shareholder value."

Rare Element Resources has a 100 percent interest in the Bear Lodge property located in northeast Wyoming. According to REE, exploration potential continues to be "excellent" as recent geological surveys claim Bear Lodge "contains one of the largest deposits of disseminated rare-earth elements in North America."

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