REMX is trading 3.2% down today as weak Chinese economic data and a global risk-off move weigh on the rare earth and strategic metals sector.
- Slowing industrial production and retail sales in China are pressuring metals and mining stocks, especially China-exposed rare earth producers.
- Surging oil prices and a sharp rise in global bond yields are weighing on cyclicals and commodity-linked equities broadly, amplifying the ETF’s decline.