The Conversation (0)
Rare Earth ETF Lacking Support From China Supply Worries
Oct. 27, 2014 10:59AM PST
Rare Earth InvestingETF Trends reported that the Market Vectors Rare Earth/Strategic Metals ETF (NYSEArca: REMX) has seen a poorer performance as of late due to falling rare earth prices and easing worries surrounding fears of restricted supply from China.
ETF Trends reported that the Market Vectors Rare Earth/Strategic Metals ETF (NYSEArca: REMX) has seen a poorer performance as of late due to falling rare earth prices and easing worries surrounding fears of restricted supply from China.
As quoted in the publication:
The Market Vectors Rare Earth/Strategic Metals ETF (NYSEArca: REMX), which tracks the performance of companies that mine, refine and manufacture rare or strategic metals, has declined 21.6% year-to-date.
According to former Pentagon advisor Eugene Gholz, China’s control over the rare earth metals market has been greatly diminished after Beijing restricted exports and other states began producing their own rare earths, reports Brad Plumer for Vox.