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Resourceinvestor.com reports that shares of Van Eck Global’s new market vectors Rare Earth & Strategic Metals ETF declined in their first day of trading.
Resourceinvestor.com reports that Rare Earth & Strategic Metals ETF declined in their first day of trading.
The market news is quoted as saying:
Stocks of rare earth investments have recently been soaring in response to questions about export policies of China, which currently controls more than 95 percent of global production of rare earths. The end of the unacknowledged embargo coincided with statements by US Secretary of State Hillary Clinton that she would discuss rare earths with Chinese officials during a meeting on China’s Hainan Island on Saturday.