MISSISSAUGA, Ontario, Aug. 9, 2007 (PRIME NEWSWIRE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article by Glenn Wilkins, an AllPennyStocks.com News Reporter, this one discussing the rare earth metals, some rare earth metals penny stocks and future prospects for the industry.
Some of the companies mentioned in the report include United Bolero Development Corp. (TSX-V:UNB), Avalon Ventures Ltd. (TSX-V:AVL) and North American Tungsten Corporation Ltd. (TSX-V:NTC).
Glenn Wilkins notes that more common metals such as gold, silver, iron, zinc, lead and copper are well-documented in financial pages such as this, and for good reason. But let's focus for a moment or so on the lesser-known rare earth metals, those materials with many applications in our daily lives, investing in whose makers can boost the portfolios of those with an eye for value.
Molybdenum is a transition metal that does not react with oxygen or water at room temperature. The ability of molybdenum to withstand extreme temperatures without significantly expanding or softening make it useful in applications that involve intense heat, such as aircraft parts, electrical contacts, industrial motors, and filaments.
Rare earth metals such as lithium are in higher demand, due to the exploding market for hybrid cars. Neodynium is also enjoying a surge for its place in the hybrid car market. Lithium ion is a key component in rechargeable batteries while neodymium is used to make the super magnets integral to hybrid and electric car technology.
Tungsten, though not widely known, is prized for a hardness ranking behind only diamonds, world-leading heat resistance density (greater than lead or uranium) and environmentally-friendly qualities; it neither breaks down nor decomposes. Tungsten is found in sporting goods (most notably golf clubs and sports fishing weights), jet turbine engines, light bulb filaments and high-speed cutting tools.
The full version of this special report can be found at: http://www.allpennystocks.com/aps_ca/special_reports/archives/080807.asp
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