REMX - An Update On REMX: Really A Lithium ETF

2024-04-11 14:54:00 ET

Summary

• VanEck Rare Earth/Strategic Metals ETF has been in a bearish trend, with a 38.7% decline since July 2023.
• The REMX ETF is primarily weighted towards lithium, not rare earth metals, making it more of a lithium ETF.
• The decline in lithium prices could present a compelling opportunity for REMX at below $55 per share.

In mid-July 2023, in a Seeking Alpha article on the VanEck Rare Earth/Strategic Metals ETF (REMX), I wrote:

VanEck Rare Earth/Strategic Metals ETF is a fund that can benefit from the world's increasing appetite for rare earth and strategic metals and minerals.

For further details see: