TEXAS (Commodity Online): Investing is rare earths will make patient investors millionaires in a few years, like oil investments in 1970's benefited later, according to the latest Absolute Wealth newsletter.
The supply is going down because China, being the highest supplier of rare earth metals, cut its exports by 72% in 2010, which caused a price hike of over 500%.
According to Absolute Rights newsletter, the rare earth metals are found all over the earth but they are abundant enough amount to mine and export in only a few areas of the world. China is such a place that exports majority of the world's supply, which puts them in control.
The demand of rare earths is increasing as it is essential in the production of cell phone rechargeable batteries, military guidance systems,lasers, range finding equipment, jet engines, surveillance, antimissile defence systems, satellite power, TV’s, computer memory, fluorescent lights etc.
Rare earth metals have become a mini-asset class of their own and hotbed of investor activity, reveals the Absolute Wealth newsletter.
Since their use has not been as widespread or consistent as many other natural resources, rare earth metals are not as easily valued as other more abundant, widely utilized global commodities, explains the Absolute Wealth newsletter.
