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New Players Emerging in Rare Earth Elements Race

NEW YORK, NY--(Marketwire - 10/18/10) - The 17 elements that are classified as "rare earth" are becoming an increasingly important part of our daily lives. Rare earth metals are the life blood of modern computers, batteries and alternative energies. For example, there are nearly ten pounds of the rare earth element, lanthanum, in every Toyota Prius engine. In addition, rare earth elements are vital to military technology. Contrary to the name, rare earth metals aren't particularly rare and can be found in most any continent. In recent weeks the US government has made important steps to increase production of these metals, as they will play an important part in President Obama's overhaul of U.S. energy. The Bedford Report examines the emerging Rare Earth Elements Industry and provides research reports on Molycorp, Inc. (NYSE:MCP - News) and Rare Element Resources (AMEX:REE - News). Access to the full company reports can be found at:www.bedfordreport.com/2010-10-MCPwww.bedfordreport.com/2010-10-REEEarlier this month, the US House of Representatives passed the Rare Earths and Critical Materials Revitalization Act of 2010, which supports the discovery and development of rare earth sites inside of the United States. The hope is that the bill will re-establish the US as a leading producer of the 17 rare earth elements. According to recent statistics posted in Reuters, China accounts for as much as 95 percent of global production of rare earth metals. According to Kathy Dahlkemper, the author of the Rare Earth bill, "We need to act now to begin the process of creating our own supply of rare earth materials so the United States is never dependent on China for crucial components for our national security."The Bedford Report releases regular market updates on the Rare Earth Metals Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at www.bedfordreport.com and get exclusive access to our analyst reports and industry newsletters.Colorado-based Molycorp is restarting a California mine which was formerly the world's largest source of rare earth elements, while Canadian-based Rare Element Resources has a 100% interest in the Bear Lodge property that is located in Wyoming. According to a US Geological Survey, the Bear Lodge property contains one of the largest deposits of disseminated rare earth elements in North America.The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer