REMX Is More Than Rare Earth

It’s not just rare earth – rare earth and strategic metals are the focus of the new Market Vectors Rare Earth/Strategic Metals ETF (REMX) .  Launched yesterday (10/28/10) by Van Eck Global, REMX will focus on companies involved with the mining and production of 17 rare earth and 32 additional strategic metals – 49 elements in all. The fund currently has 24 holdings.  According to the overview page, the stocks with current weightings over 5% include Iluka Resources 8.3%, Lynas Corp 7.8%, Titanium Metals Corp. 6.3%, Thompson Creek Metals 5.8%, Molycorp Inc 5.6%, RTI International Metals 5.5%, Osaka Titanium Technologies 5.2%, and China Rare Earth Holdings 5.1%.  As you might expect from such a niche industry, the holdings have a distinct… . . . → Full Story: REMX Is More Than Rare Earth