VanEck Rare Earth and Strategic Metals ETF is trading at $98.73, up 3.4% in pre-market action following a tentative U.S.–Iran peace agreement and the reopening of the Strait of Hormuz.
- The move extends a strong multi-day rebound for the ETF, which closed at $95.50 on June 12, 2026.
- A broad global risk-on rally is lifting cyclicals and materials as easing inflation and energy-supply fears boost major U.S. equity futures.