HONG KONG -- (Marketwire) -- 06/10/11 -- Today, www.WorldStreetFundamentals.com released its industry report highlighting Rare Element Resources Ltd (NYSE Amex: REE) and Molycorp, Inc., a rare earth oxide producer (NYSE: MCP). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php.
This sector can be sensitive to supply and demand fluctuations because the price of raw materials, such as gold or other metals, is largely demand driven. However, because Minerals have not been affected by recent world disasters the outlooks is promising. Sector performance is up 4.8% from the beginning of 2011 and expectations are looking forward to continued growth of an impressive 35% for Basic Materials sector in 2011. Taking into account the industrialization of China and India, the potential for a greater demand for basic materials is strong.
World Street Fundamentals has highlighted Rare Element Resources Ltd as a publicly traded company having 100% interest in the Bear Lodge property, which contains one of the largest disseminated rare-earth deposits in North America (US Geological Survey Professional Paper 1049D). 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. The entire report on Rare Element Resources Ltd (NYSE Amex: REE) is available here: www.WorldStreetFundamentals.com/ViewFullReport.245.php.
World Street has featured Molycorp, Inc., a rare earth oxide producer, because it owns a rare earth project outside of China. The Company is in development stage and is focusing to be an integrated producer of rare earth products, including oxides, metals, alloys and magnets. MCP's current quarter consensus estimate has increased notably over the past 90 days from 0.06 to 0.45, a gain of 645.0%. This improvement is significantly greater than its Subsector average of 2.0% during the same time period. The entire report on Molycorp, Inc., a rare earth oxide producer (NYSE: MCP), is available here: www.WorldStreetFundamentals.com/ViewFullReport.138.php.
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