Shares of rare earth firms have taken a serious hit this week. The fall came as a result of J.P. Morgan downgrading shares of Molycorp to a neutral rating. However, the fundamentals of the market have not changed, and prices for the elements are still up for the year.
24/7 Wall Street reported that Avalon's (TSE:AVL) recent place crash may have an impact on North American rare earth stocks.
Avalon Rare Metals Inc. (TSE:AVL,AMEX:AVL) announced pricing for the company's upcoming public offering.
Avalon Rare Metals Inc. (TSE:AVL,AMEX:AVL) announced the filing of a final base shelf prospectus so it may issue common shares.
Avalon Rare Metals Inc. (TSE:AVL,AMEX:AVL) announced a progress report concerning its work at the Nechalacho deposit in Northwest Territories.
China has released the total mining output quota for 2011. The country has increased the level of the total by a modest 5 per cent over 2010. Along with the announcement officials stated that new permits for prospecting and mining will not be granted until June, 2012, which further exacerbates supply issues going forward.
Reuters reports that shares of Avalon Rare Metals (TSE:AVL) were up more than 9 percent after Mackie Research initiated coverage on the rare earth exploration company with a "speculative buy" rating.
Avalon Rare Metals Inc. (TSE:AVL) announces that, following the signing of the Negotiation Agreement with the Yellowknives Dene First Nation, Avalon has now entered into a similar agreement with the Deninu K'ue First Nation ("Deninu K'ue") regarding the development of the Nechalacho rare earth elements deposit Thor Lake, NWT.
Much news has been made about China’s controls of rare earth exports. As those events effect the pricing of the 17 elements that make up the rare earth block, mining juniors around the world are rushing to secure promising rare earth deposits. Here’s a look at companies recently in the news.
Avalon Rare Metals Inc. (TSE:AVL,AMEX:AVL) updates on development work on the Nechalacho Rare Earth Elements deposit, Thor Lake.
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