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North American Rare Earth Explorers Poised for Growth

NEW YORK, NY--(Marketwire - 03/25/11) - North American rare earth stocks are on the upswing this week as recent plans announced from the Chinese government are expected to drive up rare element prices. It is estimated that China holds about 30 per cent of the world's rare earth deposits, but accounts for over 95 percent of global production. Demand for the metals is expected to surge going forward, as the elements are an integral part of modern technology. With China cutting rare earth quotas, and imposing heavier taxes, consensus is that North American rare earth explorers stand to benefit. The Bedford Report examines the Rare Earth Elements Industry and provides research reports on Rare Element Resources, Inc. (AMEX:REE - News) and Molycorp, Inc. (NYSE:MCP - News). Access to the full company reports can be found at:www.bedfordreport.com/2011-03-REEwww.bedfordreport.com/2011-03-MCPEffective April 1, China will impose a heavier tax on rare-earth minerals. According to the Chinese state-owned media, Xinhau, the tax has been set at 60 yuan ($9.14) per ton of light rare-earth minerals, and 30 yuan ($4.57) per ton of medium- and heavy-rare earth mineral.In recent months China has taken more strict measures to control mining of rare earths and lift environmental standards, while continuing to cap production and exports with the quota system. Late in 2010, China announced that it would cut its export quotas by 35 percent year-on-year for the first half of 2011. China's Foreign Ministry spokesperson, Jiang Yu believes that "Other countries with rare earth resources should also develop and exploit their resources and jointly shoulder the responsibility for rare earth supply."The Bedford Report releases regular market updates on the industrial metals sector 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 free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.The United States and Canada are making efforts to begin producing rare earths as there are currently no separation facilities for the all-important "heavy" rare earths outside of China.Canada-based, Rare Element Resources has a 100% interest in the Bear Lodge property located in northeast Wyoming. A recent economic assessment shows that the deposit has an internal rate of return of nearly 40 percent.US-based Molycorp recently announced plans to double production in its California mine by the end of 2013. Molycorp's Mountain Pass mine produces about 3 percent of the world's rare earths from stockpiled concentrate, but the company plans to eventually turn out a quarter of the total supply.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