STOXX® Global Rare Earth. Themenbroschüre. Market Vectors® Rare Earth/Strategic Metals ETF - REMX. China and the Future of Rare Earth Elements. Investment Case for Rare Earth/Strategic Metals. Friday’s ETF To Watch: Market Vectors Rare Earth Metals ETF (REMX) Rare Earth ETF Hurt As Companies Curb Spending. After China imposed limits on rare earth exports, prices surged on the severe reduction in supply. However, now industries are cutting back on rare earths, sending prices and the exchange traded fund that tracks rare earth miners much lower.
Market Vectors Rare Earth/Strategic Metals ETF (NYSEArca: REMX) is down about 33% over the past six months and is one of the worst-performing ETFs during the period. International prices on magnetic rare earths used in electronics have fallen by around one-third since August and some light rare earths have even fallen as much as two-thirds, reports Keith Bradsher for The NY Times. Since the high run up in rare metals earths prices, large corporations in the U.S., Europe and Japan that incorporate rare earths in their manufacturing are moving over to China, lowering inventories, switching to alternative metals or diminishing production. Industry estimates put annual demand outside of China just below 40,000 tons. Follow Tom Lydon (78,250 followers)