REMX is trading at $53.91, down 3.32%, as September CPI came in at 3.7% year over year versus 3.6% expected, rekindling rate-hike concerns and pressuring risk assets.

  • Broad weakness in rare-earth and strategic-metals producers weighed on the ETF, with no clear single-company catalyst.
  • Asian technology selloffs and wider risk aversion reinforced pressure on global materials shares.