Rare Earth ETF Dips on Potentially Rising Supply

ETF Trends reported that the Market Vectors Rare Earth/Strategic Minerals ETF (NYSEARCA:REMX) fell 1.7 percent on Monday, likely due to a possibility of rising supply from China following the country’s decision to abolish its rare earth export quotas.

As quoted in the publication:

China ended its export quota policy for rare-earth minerals, potentially raising global supply of the metals and weighing on rare earths sector-related exchange traded funds.

REMX has declined 28.3% over the past year.

Click here to read the full ETF Trends article.