Jim Rogers: Great Future for REEs

"Supplies of illegally smuggled REEs from China are also tightening."

Global commodities investing guru Jim Rogers feels that investing in rare earth elements (REEs) will bring great rewards.

"The future of rare earths 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 said.

Rogers has been a proponent of astute investment strategies in commodities. Known for his investment fascination for China, Rogers said that rare earths make great investing sense because the bulk of the metal is produced by China.

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

Rogers said a lot of other [places] apart from China are opening mines because they can make a lot of money, and governments are behind it.

"So it's all going to bring a new supply and eventually the price of REEs will come down again. But. . .until the new mines can come onstream, somebody is going to make a lot of money," the author Hot Commodities and a Bull in China said.

China's continued export curbs are likely to fuel more anxiety, and supplies of legal and smuggled REEs from China are tightening.

"We do believe that this supply source is diminishing, and there is some evidence leakage over the border into Vietnam is diminishing," Roskill Consulting Managing Director Judith Chegwidden said, referring to the route smugglers take from southern China.

Analysts estimate half the world's legally sold REEs come from China, primarily southern China. About half comes from the same source, but is mined illegally and smuggled out of the country.

China reported export quotas for H111 would be lowered 35%, and defended those cuts by citing environmental concerns.

Explorer Completes Phase 2 Metallurgical Work for Palladium-Copper Project
Source: Streetwise Reports (01/28/2021)

Generation Mining intends to wrap up the feasibility study on Marathon this quarter.

Silver Firm Reports Q4/20 Processing, Production Numbers from Mexico Project
Source: Streetwise Reports (01/28/2021)

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.

Golden Arrow Resources Out Exploring Again After COVID-19; Hits High-Grade Gold at Tierra Dorada in Paraguay
Source: The Critical Investor for Streetwise Reports (01/27/2021)

The Critical Investor explains why he believes "investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success."

Junior Mining Sector 'the Best Value in the Space'
Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.

Miner with Projects in Canada and Mexico Looks Forward to 2021
Source: Maurice Jackson for Streetwise Reports (01/20/2021)

In conversation with Maurice Jackson of Proven and Probable, the CEO of Riverside Resources outlines the "sunglasses needed" future he sees for the company in the coming year.

Divide and Conquer, American-Style, the Dollar and Precious Metals
Source: Michael Ballanger for Streetwise Reports (01/18/2021)

Sector expert Michael Ballanger explores how fluctuations in the value of the U.S. dollar and the gold and silver markets have played out over the last week.