Rare Earth Metal Investment - Thompson Creek Metals

The speculation of the rare earth metals stocks have drove up share prices of companies such as Molycorp and Rare Element Resources for the year.  After the recent correction that saw some of these rare earth metals stocks dropped as many as 40%, this is probably a good time to come back to these high flying stocks.


Another possible rare earth metal player is Thompson Creek Metals (NYSE:TC), which mines molybdenum in Idaho.  Compared to other rare earth metal stocks that saw 400% or 500% gain for the past 52 weeks, shares of Thompson Creek Metal only gained 13% during the same period.  The mining company brought in more than $100 million every quarter and for the first three quarters of 2010 already earned $436 million, $70 million more than the entire year of 2009.  On the other hand, Molycorp and China Shen Zhou Mining each earns less than $10 million per year.  So in such a high speculative sector like rare earth metal, Thompson Creek Metal would be a safer bet.  Its technical chart also shows bullish trend as the stock is above 50 day moving average with KD about to reverse the downtrend.