Rare Earth Metals: Stocks and a new ETF (AVL.TO; NEM.TO; QRM.X)

UPDATE Oct. 27: "Van Eck To Begin Trading The Market Vectors Rare Earth/Strategic Metals ETF October 28th"
Two from RareMetalBlog:

BLOG: New US-based Minor Metals ETF Announced

We got word today that another company has entered into the rare metals ETF fray. Van Eck Associates Corporation, a subsidiary of Van Eck Global, a New York-based financial outfit, gave notice to the US Securities & Exchange Commission of its intent to form just such an ETF. The new vehicle, called the Market Vectors Minor Metals ETF, will be tied to a basket of up to 30 publicly traded companies in the minor metals sector, in order to track to the Minor Metals Index that is managed by Structured Solutions AG of Germany.

This follows news earlier this year that Switzerland-based Dolefin had launched its REE Fund, a similar concept albeit more narrowly focused with respect to the underlying commodities associated with its holdings. 

Van Eck plans to invest a minimum of 80% of fund assets in companies tracked by the Minor Metals Index, with the fund's performance expected to closely match that of the index.

Structured Solutions also manages a wide range of other indices, including the Solactive Rare Earth Total Return Index, which tracks the performance of the "at maximum 15 largest listed companies whose main business operations are exploration, mining, investing in Rare Earth and/or direct investments in Rare Earth mines." At present this list includes Lynas Corp, China Rare Earth Holdings, Avalon Rare Metals, Arafura Resources, Quest Rare Minerals and Rare Element Resources. Structured Solutions apparently updates the list every quarter. There was little information on the Structured Solutions web site pertaining to the Minor Metals Index; once we have the list of companies being tracked, we'll let you know.

And his handy stock chart (Warning! There's a lot of mine waste out there):

RareMetal StockChart for Monday, June 28, 2010

Company	Symbol	As of June 28, 2010
		Latest Price	Change		Time	High	Low	Volume	52 Weeks
			Net	%					High	Low
Avalon Rare Metals	AVL-T	2.200	0.010	0.46	15:59	2.270	2.170	148,195	4.240	1.490
Bolero Resources	BRU-X	0.170	0.000	0.00	15:59	0.185	0.170	143,300	0.690	0.155
Cache Exploration	CAY-X	0.450	0.070	18.42	12:28	0.450	0.405	5,000	0.420	0.030
Commerce Resources	CCE-X	0.240	0.000	0.00	12:58	0.245	0.235	63,719	0.820	0.205
Canadian Orebodies	CO-X	0.075	-0.005	-6.25	14:37	0.090	0.075	94,900	0.245	0.025
Dacha Capital	DAC-X	0.640	0.000	0.00	15:59	0.640	0.610	31,200	1.050	0.400
Fieldex Exploration	FLX-X	0.135	0.015	12.50	14:07	0.135	0.130	42,700	0.290	0.040
Great Western Minerals Group	GWG-X	0.160	-0.010	-5.88	15:52	0.170	0.160	387,160	0.460	0.085
Hudson Resources	HUD-X	0.660	0.030	4.76	15:45	0.660	0.620	142,730	1.670	0.170
Matamec Explorations	MAT-X	0.140	0.010	7.69	12:37	0.140	0.120	55,000	0.275	0.055
Midland Exploration	MD-X	1.400	0.000	0.00	15:39	1.400	1.400	400	1.540	0.670
Neo Material Technologies	NEM-T	3.780	0.030	0.80	15:59	3.800	3.750	101,882	5.050	1.860
Quantum Rare Earth Development	QRE-X	0.240	0.000	0.00	12:56	0.240	0.230	12,600	0.640	0.150
Quest Rare Minerals Ltd.	QRM-X	2.140	-0.010	-0.47	15:59	2.150	2.060	34,350	4.260	0.290
Rare Earth Metals	RA-X	0.185	0.020	12.12	15:20	0.185	0.165	22,700	0.680	0.165
Rare Element Resources	RES-X	2.200	-0.020	-0.90	15:03	2.270	2.170	27,150	4.690	1.510
Stans Energy	RUU-X	0.220	-0.045	-16.98	14:50	0.220	0.220	70,800	0.520	0.015
Strategic Metals	SMD-X	0.680	0.000	0.00	15:55	0.680	0.660	41,000	0.750	0.255
Tasman Metals	TSM-X	0.710	0.000	0.00	15:56	0.720	0.700	21,200	1.500	0.400
Ucore Uranium	UCU-X	0.220	0.010	4.76	15:58	0.220	0.200	157,945	1.000	0.205
Zimtu Capital	ZC-X	1.110	-0.070	-5.93	15:54	1.110	1.110	40,000	1.600	0.880

Posted by Tracy Weslosky at 05:09 PM in RareMetalBlog StockCharts | Permalink | Comments (3) | TrackBack