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Market Vectors Rare Earth/Strategic Metals ETF (REMX)

  • Oct. 17, 2011, 7:26 AM
    Molycorp announces it worked out a deal with the UAW for a new 3-year labor contract. The company says forging the agreement a full six months early will help ensure the "smooth" launch of its modernization project at its California rare earth manufacturing facility.
    | Oct. 17, 2011, 7:26 AM | Comment!
  • Sep. 29, 2011, 8:23 AM
    The prospect for rare earth stocks - already reeling from a sharp decline in prices for minerals - looks dimmer after companies like General Electric (GE) and Toyota (TM) scale back their usage of elements like cerium and lanthanum and use cheaper alternatives. "If you think you can keep raising the prices for those materials and still keep your customers, you’re crazy,” adds one metal analyst.
    | Sep. 29, 2011, 8:23 AM | Comment!
  • Sep. 27, 2011, 7:52 AM
    Molycorp (MCP) pops 6.4% premarket, encouraged by news China is tightening controls on rare earth exports. The shares could use a lift after falling by 35% over the past few sessions on word the prices of rare earth minerals are falling.
    | Sep. 27, 2011, 7:52 AM | Comment!
  • Sep. 27, 2011, 5:20 AM
    Calling for vigilance over the use of China's "21st-century treasure trove of new materials," its Ministry of Land and Resources orders even tighter controls on rare-earth sales. While such moves usually alarm global manufacturers, previous calls for prudence have proven difficult to enforce.
    | Sep. 27, 2011, 5:20 AM | Comment!
  • Sep. 20, 2011, 10:16 AM
    More on the Molycorp (MCP -15%) downgrade: Longtime bull Mike Gambardella "(takes) a more cautious stance on the stock," noting the recent decline in rare earth prices and a sharp cut in forecast world demand. However, he still sees China taking steps to reduce supply and restrict production over time.
    | Sep. 20, 2011, 10:16 AM | 1 Comment
  • Aug. 23, 2011, 12:30 PM
    China continues to tighten environmental rules surrounding rare earth mines, breaking up and/or mothballing existing facilities in Jiangxi province, from where much of the planet's supply comes from. This isn't the first time China has cracked down, but locals describe the efforts as far more serious this go-round. REMX +2.6%.
    | Aug. 23, 2011, 12:30 PM | Comment!
  • Aug. 12, 2011, 4:30 PM
    Molycorp (MCP) closed the day up 8.8%, following a strong Q2 report and a new supply agreement with Hitachi Metals. Other rare earth miners moved higher in sympathy: AVL +8.5%. REE +5.5%. SHZ +7.3%. (PR) (transcript)
    | Aug. 12, 2011, 4:30 PM | Comment!
  • Aug. 12, 2011, 7:47 AM
    Piper Jaffray reiterates its Overweight rating on Molycorp (MCP) with a $77 price target. The firm sees rare earth prices and tightening Chinese exports as drivers to help the producer boost gross margins. Shares +8.8% premarket, riding a post-earnings beat wave.
    | Aug. 12, 2011, 7:47 AM | Comment!
  • Jul. 27, 2011, 9:05 AM
    Avalon (AVL) gives back all of yesterday's moonshot after the rare earth miner files to raise about $45M in a secondary offering. As opposed to just insiders looking to cash out, the proceeds are to be used for business purposes. Shares -6% premarket.
    | Jul. 27, 2011, 9:05 AM | Comment!
  • Jul. 26, 2011, 11:45 AM
    Rare earth miners are shooting higher after a paper from GE's Lighting division, which relies heavily on rare earth minerals, states that "further price increases seem highly likely." GE also suggests stockpiling by dealers due to soaring prices is making a bad situation worse. MCP +5.3%. REE +4.9%. SHZ +7%. AVL +4.7%.
    | Jul. 26, 2011, 11:45 AM | 3 Comments
  • Jul. 6, 2011, 5:45 PM
    In response to the WTO's censuring of China for its rare earth metal export restriction policies, China's deputy commerce minister has said the country will be "improving" its regulation of rare earth exports. Chinese export restrictions have contributed to soaring rare earth metal prices.
    | Jul. 6, 2011, 5:45 PM | 3 Comments
  • Jul. 5, 2011, 7:33 AM
    On a breathtaking tear all year, rare earth metals prices fall M/M for the first time in June, according to Lynas (LYSCF.PK). "There are whole industries disappearing at the moment" because of high prices, says a producer. China is expected to announce rare earth export quotes for H2 in the coming days.
    | Jul. 5, 2011, 7:33 AM | Comment!
  • Jul. 5, 2011, 7:22 AM
    The WTO is set to censure China today for curbing exports of raw materials, overruling China's arguments that the limits are needed to protect the environment. The decision sets a precedent the U.S. and EU can use to file another complaint against China over rare earth quotas.
    | Jul. 5, 2011, 7:22 AM | 2 Comments
  • Jun. 30, 2011, 10:53 AM
    Shares of rare earth companies soar after reports a competitor's large refinery in Malaysia faces problems. The Australian Stock Exchange halted trading yesterday on Lynas Corp. (LYSCF.PK -8.8%) in advance of a news conference outlining its safety issues. Gainers: MCP +6.2%, REE +3.9%, AVL +4.6%.
    | Jun. 30, 2011, 10:53 AM | Comment!
  • Jun. 20, 2011, 7:15 AM
    Already up sharply this year, rare earth prices steepen their ascent, with some doubling over the last 3 weeks. "It's a bubble," says a trader, "there is no end use that can stand the price." Rare earth miners are sharply higher premarket. MCP +4.3%, AVL +4.0%.
    | Jun. 20, 2011, 7:15 AM | Comment!
  • May 19, 2011, 7:44 AM
    China says it will consolidate 80% of industrial rare-earth production among the three biggest companies in the sector during the next one to two years, and will impose new export quotas on iron alloys containing more than 10% rare earths. MCP +2.1%.
    | May 19, 2011, 7:44 AM | Comment!
REMX vs. ETF Alternatives
REMX Description
Rare Earth/Strategic Metals ETF seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Rare Earth/Strategic Metals Index, a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of publicly traded companies primarily engaged in a variety of activities that are related to the mining, refining and manufacturing of rare earth/strategic metals.
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