• 4 minutes End of Sanction Waivers
  • 8 minutes Balancing Act---Sanctions, Venezuela, Trade War and Demand
  • 11 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 14 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 6 hours US Military Spends at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 25 mins Populist Surge Coming in Europe's May Election
  • 1 hour New German Study Shocks Electric Cars: “Considerably” Worse For Climate Than Diesel Cars, Up To 25% More CO2
  • 10 hours "Undeniable" Shale Slowdown?
  • 7 hours Saudi Arabia Says To Coordinate With Other Producers To Ensure Adequate Oil Supply
  • 13 hours China To Promote Using Wind Energy To Power Heating
  • 13 hours Climate Change Protests
  • 10 hours Gas Flaring
  • 6 hours Don't Climb Onto the $80+ Oil Price Greed Roller Coaster, Please.
  • 10 hours How many drilling sites are left in the Permian?
  • 4 hours Liberal Heads Explode as U.S. Senate Confirms Oil Lobbyist David Bernhardt as Interior Secretary
  • 13 hours Overheating the Earth: High Temperatures Shortened Alaska’s Winter Weather
Alt Text

This Year, Everyone Will Love Uranium

Utilities have been buying uranium…

Alt Text

Vanadium Spikes On New Chinese Regulations

A new regulatory measure in…

Alt Text

Miners Are Looking To Ramp Up Lithium Production

Lithium prices have withstood all…

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

Trending Discussions

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




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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