Patrick Wong believes that hybrid and electrical cars are on the cusp of overtaking standard automobiles as the vehicles of choice. And when they do, the rare earth markets that supply the materials needed in every electric car battery and drive motor will take off.
Resource extraction and agriculture are the primary sources of wealth. Exploitation of the United States own natural resources, combined with a solid manufacturing sector could be the economic drivers of a resurgent US economy.
Share prices have tumbled down for many rare earth element miners, while the quality of certain companies has dramatically improved. Is now the right time for investors to strengthen their positions in the space or to turn and run?
Good luck to those who were boasting their short trades in the rare earths and paper profits. This may rapidly be coming to an end as the heavy rare earth sector is about to reverse higher as Western nations take a stand and develop their own supply