Rare Earth Names Lower On Last Day of 2010 (SHZ, MCP, XING, REE)

The rare earth names are lower on the last day of 2010, as traders continue to take profits after huge run ups. China Shen Zhou Mining & Resources Inc. SHZ is down 4.5% this morning to $7.64, a loss of 36 cents. Qiao Xing Universal Resources, Inc. XING is dropping 5.6% to $2.69, a loss of 16 cents. Rare Element Res Ltd Ordinary Shares REE is down 58 cents to $16.16, a loss of 3.5%. Molycorp MCP is dropping $1.28 to $50.71, a loss of 2.5%.