🔴 Rare Earth ETF (REMX) is trading 4.13% down amid rare-earth producer selling pressure

REMX is trading at $58.45 (-4.13%) as rare-earth producers face selling pressure.

• Lynas shares were down about 1.9% in Australian trading.
• The October 9 China-EU agreement to facilitate rare-earth export licensing may have eased some supply concerns, but it does not establish the cause of the selloff.
• Available evidence points to sector-specific weakness rather than a broad U.S. market decline; U.S. equities are closed for the holiday.