Rare earth metals actually aren’t all that rare, which is good because they play active roles in the global economy. Some of the most popular tech products that include rare earth elements are flat screen TVs, smartphones and hybrid cars as well as wind turbines and military equipment.
Even though rare earth metal deposits are plentiful Canada, Australia, Russia and China, the process of extracting and refining them is time-consuming and extremely expensive. Rare earth stocks do not trade like other precious metals and few ETFs hold them. So, the most effective way to buy into rare earth stocks is directly through the miners. Rare earth stocks have massive growth potential but are also extremely risky, especially given China’s piece of the pie. Therefore, investors should exhibit caution when considering rare earth stocks.
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