VanEck Vectors Rare Earth/Strategic Metals ETF(REMX)- NYSEARCA
  • Jan. 14, 2013, 9:54 AM

    Early strength in Molycorp (MCP +2.2%) is attributed to a takeover story making the rounds highlighting the shares' recent fall below NAV which is turning the high-potential firm into a prime takeover target. Even after rebounding from a record low in November, MCP still trades at a 19% discount to their book value.

    | Jan. 14, 2013, 9:54 AM | 1 Comment
  • Apr. 2, 2012, 8:25 AM

    Molycorp (MCP) pops on a Bloomberg report seeing the company as a takeover play, and suggesting BHP and Rio Tinto (RIO) as possible buyers. One hedge fund manager (long the stock?) suggests the firm could fetch $60/share against the Friday close of $33.83. Shares +3% premarket.

    | Apr. 2, 2012, 8:25 AM
REMX Description
VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS Global Rare Earth/Strategic Metals Index (MVREMXTR), which is intended to track the overall performance of companies involved in producing, refining, and recycling of rare earth and strategic metals and minerals.
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