Seeking Alpha

Market Vectors Rare Earth/Strategic Metals ETF (REMX)

  • 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%.
    | 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)
    | 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.
    | 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.
    | 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. 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. 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.
    | 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.
  • 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%.
    | 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%.
    | 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%.
    | Comment!
  • May. 5, 2011, 2:18 PM
    Goldman Sachs analysts predict a glut in rare earth supplies by 2013 as new mines open to take advantage of massive price increases. The bank's view is in direct contrast with rare earth producer Lynas (LYSCF.PK +6.9%) who says the world's major exporter (China) is on the verge of becoming a net importer. MCP -3.7%, AVL -7.0%.
  • Apr. 7, 2011, 11:13 AM
    A bill introduced in Congress would have the government purchase and stockpile rare earths, making the metals available to Defense Department contractors. Roughly 5% of world rare earth use is for U.S. military purposes. MCP +5.5%, REE +9.0%, SHZ +4.7%, REMX +0.7%.
  • Apr. 5, 2011, 12:26 PM
    A $5.4B market cap with just $25M in sales and the hope for producing rare earths in the future, Molycorp (MCP) is no longer in Bruce Krasting's portfolio. News that Kazakhstan's state-owned uranium miner is teaming up with Russia and Japan to invest $800M to mine the metals isn't making him regret the decision.
  • Apr. 5, 2011, 10:25 AM
    Possessing just 1/3 of the planet's reserves, China produces 90% of world rare earth supply, as other countries were happy to see the environmentally destructive business take place elsewhere. A change in attitudes towards the environment in China likely means this era is over.
  • Mar. 31, 2011, 8:41 AM
    Making no mention of altering export quotas, China caps rare earth production at 93.8M tons in 2011, a 5% increase over 2010. Additionally, no new licenses for mines will be granted before June 2012. Premarket: MCP -2.1%, SHZ -1.6%, AVL -1.3%.
    | 1 Comment
Visit Seeking Alpha's
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.
See more details on sponsor's website
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub