VanEck Rare Earth and Strategic Metals ETF is trading at $89.50 (+5.13%) as rare-earth and strategic metals miners rally alongside the broader materials and commodity complex.
- Investors are responding to heightened geopolitical risk from the Strait of Hormuz closure and Brent crude prices exceeding $94, boosting demand for supply-security plays.
- Persistent inflation at 4.2% is driving increased interest in real-asset hedges and hard-asset commodities following several weak trading sessions.