American Video Teleconferencing Corp. (AVOT)
American Video Teleconferencing Corp. believes the rare earths industry is where it wants to maintain a very strong focus and is looking to expand its holdings.
Rare earth metals are a collection of 17 chemical elements in the periodic table, including scandium, yttrium and the 15 lanthanides. The rare earths metals market was once just a bunch of boring elements that nobody really cared about, but that has changed in a big way as its application has expanded. Rare earths metals are now used in a wide range of applications, including wind turbines, hybrid and electric cars, fuel cells, LCDs, smart bombs, nuclear reactors and lasers. Currently, China supplies over 90% of the world's rare earth minerals.