The 3 Best Rare Earth Stocks to Buy Now
The best rare earth stocks are in the spotlight as the demand for strategic and rare earth metals has been on the rise. The increase comes in part on the back of rising consumer interest in green energy and electric vehicles (EVs). For instance, the VanEck Rare Earth|Strategic Metals ETF (NYSEARCA: REMX ), which provides exposure to businesses that focus on the mining, refining and manufacturing rare earth|strategic metals, has declined 12% since the beginning of 2022. By comparison, benchmark indices the SP 500 and the Dow Jones Industrial Average are down 10.2% and 7.1%, respectively. By technical definition, rare earth elements include 17 metallic elements, most of which come from the periodic table. They are widely used to make tech products, ranging from consumer devices to lasers and radar systems. These elements are especially crucial to the transition to a greener economy, as they are used in wind turbines and EV batteries. Recent research suggests the rare earth metals market size can reach $15.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.1%.
The 3 Best Rare Earth Stocks to Buy Now
The best rare earth stocks are in the spotlight as the demand for strategic and rare earth metals has been on the rise. The increase comes in part on the back of rising consumer interest in green energy and electric vehicles (EVs). For instance, the VanEck Rare Earth|Strategic Metals ETF (NYSEARCA: REMX ), which provides exposure to businesses that focus on the mining, refining and manufacturing rare earth|strategic metals, has declined 12% since the beginning of 2022. By comparison, benchmark indices the SP 500 and the Dow Jones Industrial Average are down 10.2% and 7.1%, respectively. By technical definition, rare earth elements include 17 metallic elements, most of which come from the periodic table. They are widely used to make tech products, ranging from consumer devices to lasers and radar systems. These elements are especially crucial to the transition to a greener economy, as they are used in wind turbines and EV batteries. Recent research suggests the rare earth metals market size can reach $15.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.1%.