Network Metals LLC

***Follow-up:

Last week in our weekly piece we spoke about rare earth metals and China’s current dominance in that particular space. We also brought up the coming importance of Western miners and suppliers of rare earth metals, and this week we’re hearing more from industry people that confirms much of what we said. In particular people are focusing on ‘mine-to-market’ rare earth operations, in which all production from mining to fabrication is completed by one company. We mentioned a specific company emerging in this space called Molycorp, a private company spun off from Chevron (NYSE:CVX) which recently acquired Great Western Minerals Group (TSX:GWG.V); we’d like to reiterate Molycorp’s importance as it has been mentioned in several ensuing articles this week. As we said, these types of companies are going to be increasingly important to the rare earth metals space as demand rises, especially while upwards of 95% of rare earth metals production is still taking place in China.