REMX is trading at $73.52, down 3.69%, significantly underperforming the broader market after renewed U.S.-Iran hostilities triggered risk-off selling across rare-earth and strategic-metals markets.
- On September 10, 2026, Brent crude rose above $100 per barrel.
- Higher energy costs contributed to August PPI rising 0.4% monthly and 5.4% annually, keeping Treasury yields elevated.
- Broad indexes fell; geopolitical uncertainty and higher-for-longer rates weigh on materials and economically sensitive equities. The move is macro- and sector-driven, not tied to one dominant holding.