Commodity Online Great future for rare earth metals: Jim Rogers

Which is the ideal metal commodity that you should think about investing in? Gold, silver, copper etc are certainly hot among the precious and metals camp for investors. But global investing guru in commodities Jim Rogers feels that investing in rare earth metals is going to bring great rewards.

“The future of rare earth is great. What is happening is the prices are going through the roof because the Chinese do control the supply, but it is pure simple capitalistic economics now,” Rogers told India’s business television channel ET Now.

Rogers, who is chairman of who is chairman of Rogers Holdings and founder of the Rogers International Commodity Index, has been a proponent of astute investment strategies in commodities.

Known for his investment fascination for China, Rogers said that rare earth makes great investing sense because the bulk of the metal is produced by China.

“Well, China does produce 97% of rare earth. Uranium is not a rare earth, but they do produce a lot of uranium as well,” he said.

Rogers said that a lot of other people apart from China are opening mines because they can make a lot of money and governments are behind the companies opening new mines.

“So it’s all going to bring a new supply and eventually the price of rare earth will come down again. But in the mean time until the new mines can come on stream, somebody is going to make a lot of money,” the legendary commodities investor who is known for his famous books like Hot Commodities and A Bull in China said.   more ...