REMX is trading 3.7% down today as rare-earth and battery metal prices retreat, extending a multi-day drawdown in the sector.
- Risk-off sentiment tied to higher-rate fears, tech/AI stock weakness, and geopolitical tensions is reducing investor appetite for cyclical resource plays.
- The ETF is facing pressure from concerns that AI infrastructure and EV demand may be overextended, weighing on strategic metals producers and related materials equities.