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.
Read the full article on Seeking Alpha
For further details see:
An Update On REMX: Really A Lithium ETF