The rare earth stocks will be in play today on reports that Sumitomo Corp. and Mitsui & Co. are in talks to mine rare-earth deposits in Russia to compete with China.
Names like Molycorp (NYSE: MCP), Avalon Rare Metals Inc. (AMEX: AVL), Rare Element Resources Ltd. (AMEX: REE) and China Shen Zhou Mining & Resources Inc. (AMEX: SHZ) will move on these rumors.
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