Mississauga, ON -- (SBWire) -- 05/11/2015 --AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Ucore Announces Increased Resource Estimate."

Companies mentioned in this article include Ucore Rare Metals Inc. (TSX-Venture:UCU).

Article Excerpt:

A few years ago there was tremendous demand for rare earth minerals, which have applications in smartphones, tablets and other electronic devices. Of course, the demand was driven by increasing sales of smartphones and tablets. However, even as demand grew at a robust pace, supply of rare earth minerals remained restricted.

The restricted supply was mainly due to China, which is the world's largest producer of rare earths. China accounted for more than 90% of global rare earth mineral supplies. The supply restriction was placed to help domestic manufacturers of electronic devices. As prices of rare earth minerals surged due to supply constraints, Chinese manufacturers of smartphones, tablets and other electronic devices had an advantage over manufacturers in the U.S., Europe and Japan.

Last year, the World Trade Organization ruled against China's policy of restricting exports of rare earth minerals. China's policy of restricting exports also led to the creation of several mining companies in the U.S., Canada and Australia focused on rare earth minerals. While China still dominates the rare earth market, several Western players have been investing heavily in rare earth projects outside China.

One such company is Ucore Rare Metals Inc. (TSX-Venture:UCU). Based in Canada, Ucore is engaged in the exploration and development of rare earth elements. The company's main focus is on the 100% owned Bokan Mountain project. This morning, UCU announced an upgraded and increased resource estimate for the Bokan Dotson-Ridge rare earth element project.

The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/503/ucore-announces-increased-resource-estimate-shares-up-on-news.htm

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