REMX News & Events

The West's push to develop its own supply chain for home-grown magnets is dealing with an issue of scarcity of the heavy rare earth elements, Eric Onstad of Reuters reports. The U.S. and allies have been working to create a supply chain to reduce reliance on China, since the super-strong rare earth magnets are vital components in a wide range of products. Shortages of heavy elements dysprosium and terbium, however, may be a weak point for MP Materials and the West's campaign to create a magnets industry away from the constricted supply in China. The Fly notes that companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials, Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).

China plans to restrict the flow of rare earths and other materials to the U.S. by creating a system that will exclude companies with ties to the U.S. military while fast-tracking export approvals to other companies, Jon Emont and Raffaele Huang of The Wall Street Journal reports. citing people familiar with the matter. The "validated end-user" system would allow China to follow through on Chinese leader Xi Jinping's pledge to President Trump to facilitate the export of rare-earth materials while preventing them from ending up with U.S. military suppliers, the sources added. The Fly notes that companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).

Latest data shows the largest indicative borrow rate increases among liquid option names include: VisionWave Holdings Inc (VWAV) 219.19% +24.48, Market Vectors Rare Earth Strategic Metals (REMX) 16.36% +1.48, Comstock Mining (LODE) 1.28% +0.84, DEFIANCE DAILY TARGET 2X LONG SMCI ETF (SMCX) 39.68% +0.80, Tron Inc. (TRON) 84.80% +0.57, AGNC Investment Corp. (AGNC) 0.99% +0.23, WisdomTree Euro Debt Fund (EU) 1.42% +0.20, J B Hunt Transport Services (JBHT) 0.45% +0.20, BP (BP) 0.41% +0.16, and NVIDIA (NVDA) 0.41% +0.16.

China's Ministry of Commerce has begun designing a new rare earth license system that would speed up shipments, but this will unlikely amount to the complete rollback of restrictions Washington had hoped for, Reuters reports. China recently announced it would pause the restrictions imposed in October for one year following an agreement reached between Presidents Donald Trump and Xi Jinping, but made no mention of the broader controls introduced in April. China is working on the new license system, but this does not mean the earlier export controls will be removed. The Fly notes that companies involved in the development and mining of rare earth minerals include Nova Minerals (NVA), Ioneer (IONR), Lynas Rare Earths (LYSCF), MP Materials (MP), Energy Fuels (UUUU), NioCorp (NB) and VanEck Vectors Rare Earth/Strategic Metals ETF (REMX).