Mickey Fulp: Could REE Cartel Dictate Future for Juniors?
The critical metals space can be very confusing. People lump all kinds of metals, including lithium, into general categories using the terms rare earth elements (REE), strategic or technology metals. What is your view on this and what should investors really be concerned with?Mickey Fulp: Well, I'm not sure what investors should be concerned with, but the rare earth elements are very well defined: Elements number 57 through 71 on the periodic table-the elements located along the next-to-the-bottom row. They all end in -um or -ium: From lanthanum to lutetium. That's 15 metals, plus yttrium, which is above lanthanum on the periodic table and is included because it is the most abundant one that occurs with the heavy REEs. The light REEs are generally defined as the first five along the periodic table but one of those, promethium, does not occur in nature.
There is a lot of confusion among lay investors. And there's confusion even among some of the so-called experts about the "critical metals" sector. Last year they were called technology or rare metals; the year before they were called strategic metals. Historically, these metals have been called specialty metals or minor metals for a variety of reasons. They generally don't occur in standalone mines; they are often byproducts of mining or smelting; they don't trade on the world market; they have special, niche, and/or minor uses. Sometimes they are lumped all together as one.
In my opinion, "critical metals" are the ones that are a necessity for the world to function-elements like iron, copper, aluminum and nickel. I would prefer to call all the others what they have been called for many years: Minor metals or specialty metals. They would include lithium, beryllium, zirconium, niobium, tantalum, indium and the REEs. Are they critical? No. Are they essential? No, but that said, they have special uses that make our lives easier and more diversified. For instance, if it weren't for REEs, we'd all be carrying around Gordon Gekko-sized cell phones.
TCMR: We were both at the Cambridge House Critical Metals Investment Symposium in Vancouver in January. The backend of processing the REEs drew heated debate because it's extraordinarily complicated. That extraction adds a significant cost, limiting the chances of many of these mines coming into the world. You just visited one of the REE separation plants in Estonia. Can you describe how complicated this process is and how an investor should evaluate this backend process when looking at companies and potential projects?
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Dropshipping is a business term and practice where a retailer collects the orders and payments for a product and sends out the order to a wholesale dropshipping company which is the one that will send out the product. The retailer earns from the difference between the retail and the wholesale price.In most cases the retailer does not even handle the product, it does not even keep a stock but acts only to process the orders of the customers. This kind of business has been around for quite some time but it is undergoing great changes now with the use of the Internet and advances of communication technology. It could be a lucrative way of earning money so if you are interested in it. You could do some further research about the steps that need to be done in order to start out in this business. To help you out here are the top 10 drop shipping companies today:
1.BuyAtDiscounts.com- This is a legally licensed wholesale dropshipper that deals mainly with electronics products, house decorations, and collectible items. The company is a trusted global supplier of retail stores. They have no minimum fees,or minimum orders and they have a free drop ship program.
2. Doba.com- They have a huge collection of assorted wholesale products. Their line includes blankets, toy guns, and candle warmers. They do not have minimum orders and they have free trial program for dropshippers.
3. SimpleDistributors.com- Their products include jackets, handbags, pocketknives, etc.They have no minimum orders and they have a free drop ship program.
4. azWholesaleTools.com- They have a wide range of tools and equipment that can be used for almost any application.They have no minimum orders and they have a free drop ship program.
5.BargainWest.com- They have a great collection of gifts and collectible items for any occasion. They have no minimum orders and they have a free drop ship program.
6. BellGolf- They carry golf clubs and all sorts of golf accessories and other items that has some connection with the game. They have no minimum orders and they have a free drop ship program.
7. BodySoulElements.com- The company sells products with natural ingredients ice soaps, shampoos, sprays, candles, and massage oils. Their dropship program is not free.
8.a1WholesaleGifts.com- Deals mainly with gift items, home decorations and collectibles.They supply retails stores across the globe. They have no minimum orders and they have a free drop ship program.
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