Avalon stars alining... On Tuesday another bout of investors interest raised the stock value of the juniors in the space, although the producers in the group, Molycorp and Lynas did not join in the rally and is even or down so far this year.
The share prices of the dozens of North American juniors in the sector are particularly volatile as are the prices of the 17 elements.
Avalon Rare Metals (TSE:AVL) was the leader of the pack on Tuesday, gaining 14% in heavy volumes
Avalon Rare Metals (TSE:AVL) was the leader of the pack on Tuesday, gaining 14% in heavy volumes and adding to a 25% spike in value since the start of the year. There was no fresh news concerning the Toronto-based company or its flagship Nechalacho project in Canada's Northwest Territories, but Avalon like other heavy REE explorers have been boosted by a recovery, albeit modest, in the price of some heavy REEs which fell to multi-year lows in June last year.
Nechalacho, which could be first past the post for the title of Canada's first rare earth mine, located some 100 kilometres southeast of Yellowknife, is a potential $1.6 billion project.
https://www.mining.com/investors-pile-into-north-american-rare-earth-juniors-64717/