REMX is trading at $49.79, down 5.71%, as continued weakness in praseodymium-neodymium pricing weighs on the ETF; the move extends the prior session’s decline.
- October 30 price data showed declines in Pr-Nd oxide and alloy, amid a nearly half-month pullback.
- Shanghai Metals Market reported cautious downstream buyers, scarce transactions and sluggish order follow-through, reinforcing concerns about end-user demand.
- Broader markets were mixed, making rare-earth pricing and demand weakness more directly relevant than a broad-market selloff.