Metals Stocks: Huge rare earth reserve discovered in Turkey, but experts caution that grade is king

The worlds second-largest rare earth reserve has been discovered in Turkey, officials say, but experts warn that turning rare earth deposits into financial success is easier said than done.

The site in the central Anatolia region contains 694 million tons of rare earth reserves, according to a statement from Turkeys Ministry of Energy and Natural Resources. The worlds largest rare earth field is an 800-million-ton site in China, officials added.

Rare...