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Jim Rogers: Japan Crisis Will Boost Commodity Prices

By    |   Friday, 18 Mar 2011 08:15 AM

Japan’s disaster may have initially pushed commodity prices downward, but that move won’t last for long, says star investor Jim Rogers, chairman of Rogers Holdings.

"There's going to be a much bigger demand for oil from power plants because nuclear power plants are being shut around the world," Rogers told CNBC. So he’s looking to buy oil.

"I'm not saying it's good for the world, not saying it's good for Japan, but … every disaster leads to some opportunities for some people who pay attention."

And it’s not just oil that will benefit from Japan’s woes, Rogers says. Japan’s rebuilding needs will boost other commodities too, he says.

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Jim Rogers
"Remember Japan has not been a big buyer of many construction materials because they haven't been building for 20 years. Now they are going to have to rebuild Japan. So the demand for copper and cement and steel and a lot of things are going to go up."

As for oil prices, turmoil in the Mideast will support them too, experts say.

“As long as there is no real calming of the unrest in the Middle East I don’t see the risk premium disappearing,” Andy Sommer, a senior analyst at EGL AG in Switzerland, tells Bloomberg.

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Japan s disaster may have initially pushed commodity prices downward, but that move won t last for long, says star investor Jim Rogers, chairman of Rogers Holdings. There's going to be a much bigger demand for oil from power plants because nuclear power plants are being...
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2011-15-18
Friday, 18 Mar 2011 08:15 AM
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