VanEck Rare Earth and Strategic Metals ETF is trading 3.3% higher in pre-market as rare earth and strategic metals continue to rebound alongside broader risk assets.
- A recent spike in prices for critical minerals outside China and ongoing supply-chain weaponization themes are providing significant tailwinds for the fund.
- Improving risk sentiment following a tech-led recovery is driving investor rotation back into cyclicals and materials-linked plays.
- U.S. equity futures are trending higher, supporting the pre-market lift for the sector as investors move back into the materials space.