China's export control lifted rare earth shares worldwide

US: Molycorp Inc’s share price climbed 6.45 percent to US$49.16 on Wednesday.

Australia: Lynas Corporation Limited, the Australia-based company, jumped 10.80 percent to 1.79 AUD per share.

Canada: Avalon Rare Metals Inc, based in Canada, went up by 41.23 percent to 6.44 CAD. Rare Element Resources Ltd, jumped by 41.27 percent to 14.65 CAD.

Market Vectors Rare Earth/Strategic Metals ETF, the first US-listed fund investing exclusively in producers of strategic metals including rare earths, went up 5.52 percent.

Companies in the index inlcude Australia’s Iiuka Resources Ltd. And Lynas Corp. , US – based Molycorp Inc, Canada’s Avalon Rare Metals Inc. and Hong Kong-listed China Rare Earth Holding Ltd.