My summary on the rare earth story, with comments from Jim Rogers

The following remarks of Jim Rogers summed up my research on rare earth so far.

The demand surpasses supply now, so prices are up. People are using this opportunity to make money. The frenzy on these elements now is overdone, but not done.

This is the core information in the rare earth story. Others are bubbles, or man-created myths.

Here is what he said:

"Well, China does produce 97% of rare earth. Uranium is not a rare earth, but they do produce a lot of uranium as well. 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. A lot of other people 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 source is here: http://www.gurufocus.com/news.php?id=118927