On Aug 18 we posted "Wind: China to support three domestic enterprises for rare earth development. And: Baotou Steel Rare-Earth net loss hits $9.83 mln in H1" which linked to "With a Name Like Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co., it has to be good ( 600111:Shanghai)":
In December 2007 I wrote:How the heck did I miss Mongolia Energy Co. Ltd.?...The question has haunted me to this day.
[you really need to get out more -ed]
MEco was the number two stock in the Bloomberg Worldwide Index that year, up 5911.17%.
I vowed that I "will study and learn, and one day my chance will come."
[ummm, wasn't that Lincoln? -ed]
So when a reader emailed in response to this morning's "China tightens grip on rare earths":"How do I participate?"I had the [a -ed] answer.
IMBSREHTco's parent company has world’s largest rare earths deposits....
[the first letters of the acronym are IMBS, tee hee -ed]
By the way, re-reading that post, I may be in the market for a new editor.
Here's the story from Tech Trader Daily:
Canadian Solar (CSIQ) shares are heading higher this morning after the company announced that it has obtained the rights to design, install, operate and maintains a 500 MW solar power plant with the Batou National Rare Earth Hi-Tech Industrial Development Zone in Batou, Inner Mongolia.
The project is subject to a feasibility study and government approvals. First phase of the project, to run through December 2011, calls for installation of a 100 MW system. Each of the next two phases would add 200 MW more.
CSIQ is up 72 cents, or 4.8%, to $15.65.