The breaking news is that the Japanese Ministry of Economy is planning to cut dysprosium demand by over 30%.
Dysprosium is a rare earth element.
This is a negative for Rare Element Resources Ltd. (REE) as it reduces demand. Rare Element is a miner of rare earths.
Rare earths is a misnomer as these minerals are plentiful in nature.
Dysprosium is used in making hard disks, lasers, advanced lighting, nuclear reactor control rods, dosimeters, Terfenol-D, and transducers.
Last year, rare earth stocks such as Rare Elements, Molycorp (MCP) and Avalon Rare Materials (AVL) had run up in an emotional frenzy. Now they have come down to earth, but there is more room to fall.
Dysprosium is an element that has a metallic, bright silver luster. It is soft enough to be cut with a knife and can be machined without sparking
The name rare earth metals commonly refers to 17 chemical elements, specifically the 15 lanthanides plus scandium and yttrium. These elements are used in manufacturing a wide variety of industrial products such as magnets, lasers, batteries, high refractive index glass, fluorescent lamps, and catalysts for oil refineries….Read More at MarketWatch.
We will be closely following rare earth stocks in ZYX Short Sell Change Alert
