Rare Earth ETF (REMX) Hits New Highs
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Rare earth ETF Market Vectors Rare Earth/Str Metals ETF (Nasdaq: REMX) is jumping higher again today following reports yesterday that China is cutting its rare earths export quota by more than 10 percent next year. The story is picking up wider media coverage today.
The ETS is up 5.6% today to $23.51 and earlier tapped a new 52-week high of $23.54.
The benchmark of Rare Earth/Strategic Metals has 24 securities of companies with a market capitalization range of between approximately $157 million and $370 billion and an average market capitalization of $1.2 billion.
Stocks that trade in the U.S. and are included in the benchmark index:
Rare Element Resources Ltd. (AMEX: REE)
Titanium Metals Corporation (NYSE: TIE)
RTI International Metals, Inc. (NYSE: RTI)
Molycorp, Inc. (NYSE: MCP)
General Moly, Inc. (AMEX: GMO)
Thompson Creek Metals Company Inc. (NYSE: TC)
The ETS is up 5.6% today to $23.51 and earlier tapped a new 52-week high of $23.54.
The benchmark of Rare Earth/Strategic Metals has 24 securities of companies with a market capitalization range of between approximately $157 million and $370 billion and an average market capitalization of $1.2 billion.
Stocks that trade in the U.S. and are included in the benchmark index:
Rare Element Resources Ltd. (AMEX: REE)
Titanium Metals Corporation (NYSE: TIE)
RTI International Metals, Inc. (NYSE: RTI)
Molycorp, Inc. (NYSE: MCP)
General Moly, Inc. (AMEX: GMO)
Thompson Creek Metals Company Inc. (NYSE: TC)
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