Wednesday, June 23, 2010
Critical Raw Materials
The last time critical raw materials were mentioned was in WWII. The European Union has resuscitated the concept and lists critical materials in short supply:
PGMs (Platinum Group Metals): platinum, palladium, iridium, rhodium, ruthenium and osmium.
Rare earths: yttrium, scandium, lanthanum and the so-called lanthanides (cerium, praseodymium, neodymium, promethium, samarium, europium, gadolinium, terbium, dysprosium, holmium, rebium, thulium, ytterbium and lutetium)
Well, blue monkeys notwithstanding, we shall have to keep mining on Pandora... What was the name of that large mining corporation? Its stock is sure to be a good long term investment.
PS: Mining shares are rocketing, as my friend Anon predicted. The reason, they say, is Australia's political change. A nice young lady is the new Chief and she is less inclined to tax mining companies.