Ressource Investing News — World Class Rare Earth Deposits (27-09-10) – Rare Earths are not found as free metals in the earth’s crust, but rather within a mixed ‘cocktail’ of Rare Earth elements that need to be separated out into their individual components.
Despite their name, rare earths are relatively abundant, however, they are often of low quality and rarely presented in economic concentration. The rare earths range in crustal abundance from cerium, the most abundant, at 60 parts per million, which is in fact more abundant than nickel or copper, to thulium and lutetium, the least abundant rare earth elements at about 0.5 parts per million.
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Chalco Shares Surge on Parent’s Plan to Invest in Rare Earths (28-09-10) — Bloomberg — Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, rose by the most in a year in Shanghai trading after its parent announced a plan to invest at least 10 billion yuan ($1.5 billion) in rare earths.
Chalco, as the Beijing-based company is known, rose 10 percent, the daily limit, to close at 10.88 yuan at 3 p.m. local time, the biggest advance since Oct. 9, 2009. The shares climbed 4.3 percent to close at HK$7.32 at 4 p.m. in Hong Kong.
Aluminum Corp. of China, or Chinalco as the state-owned parent is known, yesterday agreed to build rare earth production base in Jiangxi province with a local partner. Chinalco is investing in copper, iron ore and rare earths to diversify as aluminum overcapacity in China and higher power costs shrink profit margins.
Realpolitik.tv
