Rare Earth Stocks In Momentum Overdrive; SHZ Surges 39%

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December 29, 2010 11:49 AM EST
The momentum in the rare earth stocks are moving to a new level following reports yesterday that China is cutting its rare earths export quota by more than 10 percent next year. The story is picking up wider media coverage today.

Market Movement:

  • Molycorp (NYSE: MCP) +7.3%
  • Rare Element Resources Ltd. (AMEX: REE) +15%
  • Avalon Rare Metals, Inc. (AMEX: AVL) +4%
  • China Shen Zhou Mining & Resources, Inc. (NYSE: SHZ) +39%

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