Why Are Shares of This China Company Up 40% Today?

Shares of China Shen Zhou Mining & Resources, Inc. (AMEX:SHZ) are skyrocketing over 40% higher after positive news from the Chinese government directing impacting rare earth miners:

According to China Daily, China is determining how to create a government unit for the industry that will allow it to “gain more control over the precious metals.”

Yesterday, China cut its quota on rare earth exports, driving prices higher on a concerns over supply.

Take a look at the big rise in demand among traders and investors today:

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