EDITOR: | August 19th, 2013 | 4 Comments

Rare Earths & Critical Minerals Week-in-Review: Chinese lawsuit against Hitachi, Jack Lifton and Dan McGroarty interviews highlights increase in REE demand

| August 19, 2013 | 4 Comments

Investor-Intel-AtlInvestorIntel Rare Earths & Critical Minerals Week-in-Review (August 12-16, 2013): The REE Leaders Index (REEL) started the week at 396, and closed Friday at 374 — down -5.55% for the week versus the InvestorIntel members that were barely down -0.10%.

Started my day out with a SKYPE call from our contributing editor Dr. Luc Duchesne who is vacationing in a windmill with his Family on the island of Milos. He claims that it is one step up from camping, but my question was when was he returning so he could start writing again. Robin Bromby wrote a piece this last week that I particularly liked titled Confessions of a Rare Earth pundit wannabe, but it was Alessandro Bruno’s commentary on the Chinese REE ‘alliance’ lawsuit against Hitachi could lead to further REE price increases that was the most well read. My interview, which turned into more of a Jack Lifton action report from the China Rare Earth Summit — drew our attention to the ‘extreme shortage of terbium and yttrium’ — was the winner for most viewers.

Now back to the week-in-review where Minco Plc (AIM: MIO) had the highest leap in share price: increasing +29.63% for the week. On August 16th, the company announced that it had appointed two new directors to its Board. One of the appointees is Warren MacLeod, who was President and Chief Executive Officer of Buchans Minerals Corp.

Focus Graphite Inc. (TSXV: FMS | OTCQX: FCSMF) was up +16.28% and +15.60% for the week in Canada and the United States respectively. This jump in share price had more to the to do with last week’s big ‘game changer’ news that our new graphite and grapheme editor Ty Dinwoodie covered in a feature titled: Grafoid’s new patent-pending MesoGraf™ technology sets the standard for high-energy-density grapheme. Focus holds considerable interest in Grafoid.

Shares in Matamec Explorations Inc. (TSXV: MAT | OTCQX: MHREF) were up a very impressive +16.67% on the Canadian exchange and +13.56% on the American exchange. The company had some very exciting news this month and Alessandro wrote a great article last week about how Matamec’s Kipawa REE Project is proceeding toward 2016 production with support from a little-known automotive partner named Toyota. The week earlier, Matamec announced further funding from TRECan and the details of an upcoming conference call to discuss the feasibility study highlights on September 4th.

Canada Rare Earth Corp. (TSXV: LL) was up +14.29% without any new news in over a month. The last release from Canada Rare Earth Corp. was the announcement  that the company had confirmed its intention to purchase property in the U.S. Pacific Northwest to develop its Rare Earth Refinery. Great management, we will see if we can secure an interview and get an update…

Australia’s Metallica Minerals Limited (ASX: MLM) was up +11.25% for the week on the Australian exchange without any announcements. We are going to be speaking this week with Andrew Gillies, Metallica’s Managing Director and we have a special scandium feature we are working on.

Ucore Rare Metals Inc. (TSXV: UCU | OTCQX: UURAF) was up +9.62% for the week on the Canadian exchange on no news.

Other highlights of the week included an update in an interview with Dan McGroarty interview on his testimony before the U.S. House on how the EPA’s latest action may impact the supply of critical materials negatively; Alessandro provided an excellent update on Frontier Rare Earths that is well funded and debt free as it heads toward feasibility study — and finally, felt that the interview with Alkarim Jivraj provided some much needed information on creative financing for innovative thinkers and entrepreneurs in our sector.

Here are the numbers for last week:


Special Thanks: I would like to thank my 2 nephews and their talented mother who is also an engineer (my younger sister) who decided to recreate a day in the office at InvestorIntel….our team loved this, thank you! I went online to see if any critical materials were used with Legos to write a story, but so far the best I could find is an entrepreneur who fills the legos with neodymium magnets and some pretty amazing Lego robot kits that would undoubtedly require REEs. Must admit that the motorcycle chase scene was my favorite….but Alessandro would argue this is him.

Tracy Weslosky


An accomplished entrepreneur Tracy Weslosky is the CEO for InvestorIntel Corp., a company that publishes InvestorIntel.com, a trusted source of online market information for investors ... <Read more about Tracy Weslosky>

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  • Veritas Bob

    You might want to reword the article title “Chinese lawsuit against Hitachi and Jack Lifton highlight Rare Earth demand”. As written, given the scope ambiguity of “and”, and aided by a missing “s” at the end of “highlight”, it sounds like the Chinese lawsuit is against both Hitachi and Jack Lifton, even though that is not the case and is not not what you intended.

    August 19, 2013 - 4:48 PM

    • Veritas Bob

      On second thought, maybe you did not intend to have an “s” at the end of “highlight”, but my claim of ambiguity and potential misinterpretation stand.

      August 19, 2013 - 4:50 PM

      • Tracy Weslosky

        Morning VB – what would I do without you? The ‘s’ will be added as indeed I agree with you. Have a great day.

        August 20, 2013 - 8:28 AM

  • Jim S.

    Well it appears that rare earths and critical minerals are on a recovery path: Note that most of the companies who increased their share price last week in fact did NOT have news prior to the lift. This would indicate renewed interest by investors in the market as a whole. Looking forward to seeing where this sector is headed.

    August 20, 2013 - 10:04 AM

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