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    market news

    Rare Element soars on Sumitomo-Molycorp report

    Investing News Network
    Dec. 06, 2010 03:23PM PST
    Rare Earth Investing

    Reuters Canada reports that shares of Rare Element Resources (CVE:RES) jumped more than 13 percent on Monday.

    Reuters Canada reports that shares of Rare Element Resources (TSXV:RES) jumped more than 13 percent on Monday.

    The market news is quoted as saying:

    Rare Element’s flagship project is Bear Lodge in Wyoming. It boasts a high grade of total rare earths and a good distribution of dysprosium and neodymium, which are used in the motors of electric and hybrid cars

    Click here to access the entire news

    market newstsxv:rescanada
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