In a late 2022 Barchart article on the REMX ETF and rare earth metals, I highlighted the technological reliance on rare earth minerals, China’s supply dominance, and the mining and processing challenges. The REMX ETF was trading at $88.72 per share on November 21, 2022, when I wrote, “The price has declined to below $90 per share, which could make REMX a bargain given the growing importance of these metals.” The price was far from a bargain, as nearly two years later, REMX was below $50 per share after trading as low as $36.01 in September 2024.
Meanwhile, REMX’s exposure to lithium and recent developments could be reasons to consider adding the ETF to portfolios at the current price level.
