ETF Trends publisher Tom Lydon discussed the VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) on this week’s “ETF of the Week” podcast with Chuck Jaffe on the MoneyLife Show.
The rare earth metals ETF has enjoyed a phenomenal year, and strengthening fundamentals may continue to support this sector.
Demand for rare earth metals on the rise as technological advancements and global consumers’ increased reliance on high-tech gadgets have fueled demand.
REMX is comprised of global companies involved in producing refining and recycling rare earth and strategic metals and minerals. It includes a range of companies across the supply chain for rare earth metals, mostly mining companies.
Its top holdings include Tronox 8.5%, Pilbara Minerals 7.8%, China Molybdenum 6.3%, Lithium Americas 6.1%, Galaxy Resources 5.9%, Iluka Resouces 5.4%, Nemaska Lithium 5.3%, China Northern Rare Earth Group 5.3%, Toho Titanium 4.8%, and Lynas Corp 4.8%.