Seeking Alpha

Rare metals ETF in focus after report of spiking prices

  • Do you know what's in your ETF? The Market Vectors Rare Earth/Strategic Metals ETF (REMX +0.6%) shows little reaction to spiking rare earth stocks amid a report on skying prices in China.
  • Of the rare earth stocks moving higher, only Molycorp is in the ETF's top 10 holdings, a 5.87% stake.
  • The ETF underwent a 1:4 reverse split at the start of July amid poor performance taking the price down to single digits.
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