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REMX Stock, VanEck Rare Earth/Strategic Metals ETF Information

Stock Information

Company Name: VanEck Rare Earth/Strategic Metals ETF
Stock Symbol: REMX
Market: NYSE

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About VanEck Rare Earth/Strategic Metals ETF

The investment 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. companies and foreign and emerging market issuers. To be initially eligible for the Rare Earth/Strategic Metals Index, companies must generate at least 50% of their revenues from rare earth/strategic metals or have mining projects with the potential to generate at least 50% of their revenues from rare earth/strategic metals when developed. Rare earth/strategic metals are industrial metals that are typically mined as by-products or secondary metals in operations focused on precious metals and base metals. Compared to base metals, they have more specialized uses and are often more difficult to extract. Currently, approximately 44 elements in the periodic table are considered rare earth/strategic metals.