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Rare earth & strategic metals ETF slips in debut

Posted on 29 October 2010

From Resourceinvestor.com: Shares of Van Eck Global’s new Market Vectors Rare Earth/Strategic Metals ETF declined in their first day of trading Thursday along with other rare earth stocks as The New York Times rained on the parade by reporting that Chinese government had suddenly ended an unacknowledged halt of rare earth shipments to Japan, the United States and Europe.
Trading of the new REMX exchange traded fund on the NYSE Arca started trading at $20.50 and fell as low as $19.51 before ending the day at $19.55 per share. Volume of trading totaled almost 2.2 million shares……………………………………….Full Article: Source


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