market minnow: rainbow rare earths delivers in its first year and promises there\'s more to come
\"The mine is a hole in the ground with a liar on the top,\" said one person familiar with the matter. All that has been said, unfortunately, is more often sentimental. Trading updates for mine miners are often filled with unfulfilled promises to find a rich vein or pit in the deepest part of Africa, which could make its arrogant founders and investors millionaires However, Rainbow Rare Earth was delivered on time. After only a year of floating, miners have successfully excavated, transported, delivered and sold rare- From the Burundi project to the Earth minerals of the German steel giant thysenk rup. Martin Eales, chief executive of the company, said: \"It\'s been more than a year. We are listing, financing, developing and selling products- This is very rare in the mining world. But the company was not self-contained and it raised 2 pounds in December. 8 million further exploration at the Burundi site. The funds are part. Hannam & Partners, a consulting firm led by Ian Hannam, was fined £ 450,000 in 2012 at JPMorgan Chase for abusing the market. He has fallen out of favor since he was the \"king of mining mergers and acquisitions\" in the city, but when he sees a winner, he knows a winner. If exploration is successful, by the end of this year, Rainbow Rare Earth will be close to the target of producing 5000 tons per year. Neil Passmore, chief executive of Hannam & Partners, said: \"I think this is a very simple story. No more- The problem is that the delivery is reliable and there seems to be new deposits on the nearby hills. But investors should be cautious. Rare- The price of the Earth is affected by sharp peaks and valleys, so that their rolling Roller coaster numbers in 2010 have caused so much anxiety in Washington that the theme has gained a subplot in the House of Cards TV series. Part of the problem is that China is the world\'s largest producer and controls 97% of the market. This means that prices are easily manipulated. In 2012, they collapsed in an astonishing way, with investors switching to new \"hot\" metals such as lithium and cobalt. In the same year, the United States and Europe and Japan filed a formal complaint with the World Trade Organization, claiming that China was trying to keep domestic manufacturers at low prices and attract manufacturers to China. However, prices are starting to rise again as demand for magnets from electric vehicle motors, wind turbines, smartphones and consumer electronics increases. North China Rare Earth Group, China\'s largest rare earth company, rose 52% this year. The company predicted last month that its first Profit in the first half will increase by 260% year on year.