Tomorrow a very interesting ETF begins trading – the Market Vectors Rare Earth Metals ETF (REMX) begins trading on the NYSE. I first wrote about rare earth metals here over a year ago discussing the shortage of neodymium and China’s role in our push to greener energy.
Rare earth metals have been all the rage of late and are an important component in electric cars, wind turbines and many consumer electronics. China is thought to the be the world’s largest source of rare earth metals and they have increasingly stepped up efforts to keep the valuable resources at home which in turn has sent any company even remotely involved in rare earth metal mining shooting to the moon.
See more about tomorrow’s launch of the Rare Earth Metals ETF (REMX) here
If you’d like a free daily technical analysis report of the two rare earth metal plays trading on major US exchanges sent to your email, INO is a terrific resource.
hello, thanks and may GOD bless you and keep you all always. daniel