• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 1 day Spy&State: Huawei Founder Says Firm Does Not Spy For China
  • 22 hours How Much Oil Does Aramco Have?
  • 10 hours How Is Greenland Dealing With Climate Change?
  • 24 mins Socialists want to exorcise the O&G demon by 2030
  • 5 hours Venezuela continues to sink in misery
  • 23 mins UK, Stay in EU, Says Tusk
  • 3 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 1 day Oil Slide Worries Traders. *relax* This Should Get Sorted by Year End.
  • 18 hours China Car Sales Plummet: Can Musk Unshovel His Groundbreaking?
  • 14 hours "Peace Agreement" Russia vs Japan: Control Over Islands Not Up For Discussion
  • 37 mins Solid-State Batteries
  • 14 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 14 hours Regular Gas dropped to $2.21 per gallon today
Alt Text

Miners Are Looking To Ramp Up Lithium Production

Lithium prices have withstood all…

Alt Text

Peak Lithium Won’t Happen Anytime Soon

Peak lithium is not happening…

Alt Text

Tech Giants Scramble To Secure Cobalt Supply

Apple is leading the way…

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




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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