🔴 Rare Earths ETF (REMX) is trading 3.14% down as rising inventories ease supply concerns

REMX is trading at $51.67, down 3.14%, as rising inventories eased supply concerns for copper and other industrial metals.

• Weaker industrial metals pressured materials sentiment.
• Tanker incidents in the Strait of Hormuz drove oil higher, adding inflation and risk-off concerns.
• Broader equity weakness, including a tech-led selloff, likely added pressure; no specific REMX holding catalyst is confirmed.