For those of you who have profited from our reports on MCP and REE, there are potentially more profits to come over the longer term. An interesting article just came out today on China capping its annual rare earth output, as it controls 97% of the rare earth materials market:
http://www.reuters.com/article/2011/03/31/china-rareearths-idUSL3E7EV0WZ20110331
Note, MCP is a higher quality company than REE on both fundamental and technical grounds. MCP has 88 million pounds of proven and probable reserves of rare earth ores, while REE had yet to determine any proven or probably reserves. Both companies are development stage companies so expect much continued volatility in both names, with the odds favoring MCP as a stronger stock over the longer term.
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