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Rare earth ETF hurt as companies curb spending

Posted on 21 November 2011

After China imposed limits on rare earth exports, prices surged on the severe reduction in supply. However, now industries are cutting back on rare earths, sending prices and the exchange traded fund that tracks rare earth miners much lower.
Market Vectors Rare Earth/Strategic Metals ETF is down about 33% over the past six months and is one of the worst-performing ETFs during the period………………………………………..Full Article: Source


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VRS - who has written 36995 posts on Opalesque Commodities Briefing.


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