On this morning's news that China's President Xi went to visit a rare earth producer the VanEck Vectors Rare Earth/Strategic Metals ETF is up 7.29% on tremendous (for that ETF) volume:
Volume 2,888,035 Avg. Volume 73,52
Unfortunately for today's buyers the top holdings of the fund are:
Top 10 Holdings (74.42% of Total Assets)
| Name | Symbol | % Assets |
|---|---|---|
| Tronox Holdings PLC | TROX | 10.63% |
| Iluka Resources Ltd | ILU.AX | 9.30% |
| Lynas Corp Ltd | LYC.AX | 8.38% |
| Assore Ltd | ASR.JO | 7.80% |
| Eramet SA | ERA.PA | 7.68% |
| Advanced Metallurgical Group NV | AMG | 6.83% |
| Toho Titanium Co Ltd | 5727 | 6.36% |
| Orocobre Ltd | ORE.AX | 6.23% |
| OSAKA Titanium technologies Co Ltd | 5726 | 5.64% |
| Pilbara Minerals Ltd | PLS.AX | 5.57% |
Tronox is a verically integrated titanium producer
Iluka mines rutile ie titanium
Lynas Corp our little buddy (see below)
Assore Ltd. base metals iron, manganese and chrome
Eramet SA manganese and nickel alloys
Advanced Metallurgical Group NV "aluminum master alloys and powders, ferrovanadium, natural graphite, chromium metal, antimony, lithium, tantalum, niobium and silicon metal"
If you wish you can check the last four, I'm giggling (a manly giggle) too hard.
Or see our earlier "Xi Jinping visits China rare earth plant amid talk of use as trade war weapon ".
