Thursday, July 1, 2010

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

As of June 28, 2010

Change
52 Weeks
2.200
0.010
0.46
15:59
2.270
2.170
148,195
4.240
1.490
0.170
0.000
0.00
15:59
0.185
0.170
143,300
0.690
0.155
0.450
0.070
18.42
12:28
0.450
0.405
5,000
0.420
0.030
0.240
0.000
0.00
12:58
0.245
0.235
63,719
0.820
0.205
0.075
-0.005
-6.25
14:37
0.090
0.075
94,900
0.245
0.025
0.640
0.000
0.00
15:59
0.640
0.610
31,200
1.050
0.400
0.135
0.015
12.50
14:07
0.135
0.130
42,700
0.290
0.040
0.160
-0.010
-5.88
15:52
0.170
0.160
387,160
0.460
0.085
0.660
0.030
4.76
15:45
0.660
0.620
142,730
1.670
0.170
0.140
0.010
7.69
12:37
0.140
0.120
55,000
0.275
0.055
1.400
0.000
0.00
15:39
1.400
1.400
400
1.540
0.670
3.780
0.030
0.80
15:59
3.800
3.750
101,882
5.050
1.860
0.240
0.000
0.00
12:56
0.240
0.230
12,600
0.640
0.150
2.140
-0.010
-0.47
15:59
2.150
2.060
34,350
4.260
0.290
0.185
0.020
12.12
15:20
0.185
0.165
22,700
0.680
0.165
2.200
-0.020
-0.90
15:03
2.270
2.170
27,150
4.690
1.510
0.220
-0.045
-16.98
14:50
0.220
0.220
70,800
0.520
0.015
0.680
0.000
0.00
15:55
0.680
0.660
41,000
0.750
0.255
0.710
0.000
0.00
15:56
0.720
0.700
21,200
1.500
0.400
0.220
0.010
4.76
15:58
0.220
0.200
157,945
1.000
0.205
1.110
-0.070
-5.93
15:54
1.110
1.110
40,000
1.600
0.880
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