CHART OF THE DAY: Rare Earth Metals Are A Myth

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One problem facing rare earth metal bulls is the fact that China is loosening its export restrictions. Another problem: Other countries have access to them; it will just take some time to rev up new minutes.

But the fundamental problem is: the name is a lie. Rare earth metals just aren’t that. They’re certainly less rare than gold. Most are about as rare as lead.

So, basically, it’s just a matter of extracting them from the ground, and when that starts to happen, the excitement over them will surely fade.

Click here for a guide to the rare earth bubble >

chart of the day, rare metals. nov 2010

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