Chinese Officials Unveil Specialized VAT Invoices for Rare Earths; Watch MCP, AVL, REE

Traders watch rare-earth stocks as Bloomberg is reporting on headlines from Xinhua which suggest Chinese officials have introduced a new system for specialized value-added tax invoices for rare earths. The invoices are aimed at reducing illegal mining and excessive production.

Around the sector: Molycorp (NYSE: MCP), Avalon (AMEX: AVL) and Rare Element Resources (AMEX: REE).

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