REMX is trading at $64.38 (-3.29%) as renewed Iran-war tensions and rejection of a ceasefire proposal lifted oil prices, reviving inflation concerns and weighing on risk appetite.
- Brent rose above $107 per barrel as markets priced in higher-for-longer rates.
- Rising Treasury yields and broad market weakness likely added pressure to REMX’s materials-heavy rare-earth and strategic-metals holdings; no specific holding-level catalyst was confirmed.