• 5 hours Conflicting News Spurs Doubt On Aramco IPO
  • 7 hours Exxon Starts Production At New Refinery In Texas
  • 8 hours Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 1 day Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 1 day Oil Gains Spur Growth In Canada’s Oil Cities
  • 1 day China To Take 5% Of Rosneft’s Output In New Deal
  • 1 day UAE Oil Giant Seeks Partnership For Possible IPO
  • 1 day Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 1 day VW Fails To Secure Critical Commodity For EVs
  • 1 day Enbridge Pipeline Expansion Finally Approved
  • 1 day Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 1 day OPEC Oil Deal Compliance Falls To 86%
  • 2 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 2 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 2 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 2 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 2 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 2 days Aramco Says No Plans To Shelve IPO
  • 5 days Trump Passes Iran Nuclear Deal Back to Congress
  • 5 days Texas Shutters More Coal-Fired Plants
  • 5 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 5 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 5 days Chevron Quits Australian Deepwater Oil Exploration
  • 6 days Europe Braces For End Of Iran Nuclear Deal
  • 6 days Renewable Energy Startup Powering Native American Protest Camp
  • 6 days Husky Energy Set To Restart Pipeline
  • 6 days Russia, Morocco Sign String Of Energy And Military Deals
  • 6 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 6 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 6 days India Needs Help To Boost Oil Production
  • 6 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 6 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 6 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 6 days District Judge Rules Dakota Access Can Continue Operating
  • 7 days Surprise Oil Inventory Build Shocks Markets
  • 7 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 7 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 7 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 7 days Oil M&A Deals Set To Rise
  • 7 days South Sudan Tightens Oil Industry Security
Alt Text

World’s Biggest Miner Prepares For The EV Boom

The world’s top mining company…

Alt Text

Busting The Lithium Bubble Myth

Lithium demand continues to grow…

Mark Nicholls

Mark Nicholls

Mark is a writer for Environmental Finance. Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance,…

More Info

Rare Earths ETF Launched by Money Manager Van Eck

Money manager Van Eck Global has launched an exchange-traded fund (ETF) offering investors exposure to a possible bull-run in the value of ‘rare earth’ metals.

Such metals are crucial raw materials in the manufacture of a number of clean technologies. Investor interest has been piqued by recent threats by China – which controls around 95% of global production – to withhold exports.

Van Eck claims the Market Vectors Rare Earth/Strategic Metals ETF is the first US-listed ETF to offer pure-play exposure to companies “primarily engaged in the producing, refining and recycling of rare earth/strategic metals”.

The ETF – with the ticker REMX – listed on the New York Stock Exchange last Thursday. It tracks an index of 49 equities globally, with 46% in mid-capitalisation stocks of between $1.5 billion and $5 billion in size, 51% in small caps ($200 million-$1.5 billion) and the remainder in micro-caps.

However, the sector is high risk – the index has a price-to-earnings ratio of 38.80, showing that many index constituents are higher-risk growth stocks.

Among the larger components are Australia-listed miner Lynas Corp, accounting for 8.8%, which is due to begin production next year ,and Colorado-based Moly Corp (4.1%), whose rocky initial public offering this July raised less than anticipated.

Analysts are divided as to whether the metals, used in wind turbines and hybrid cars, as well other tech applications such as laptops and smart-phones, are set to soar in value. China has temporarily suspended exports to Japan over a territorial dispute, prompting interest in producers elsewhere.

However, some believe that a bubble is at risk of inflating, with increased recycling or the use of substitutes likely to puncture inflated prices.

Since its listing at $20 last Thursday, the ETF has traded as high as $21.07 and opened today at $20.80.

By. Mark Nicholls

Source: Environmental Finance




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News