MVIS® Global Rare Earth/Strategic Metals Index
The MVIS® Global Rare Earth/Strategic Metals Index (MVREMX) tracks the performance of the largest and most liquid companies in the global rare earth and strategic metals industry. This is a modified market cap-weighted index, and only includes companies that generate at least 50% of their revenue from rare earth and strategic metals or that have ongoing mining projects that have the potential to generate at least 50% of the company's revenue from rare earth and strategic metals. The index includes refiners, recyclers, and producers of rare earth and strategic metals and minerals. MVREMX covers at least 90% of the investable universe.
Country and Sector Weightings
MarketVectorTM Hard Assets Indexes are pure-play indexes. Companies must generate at least 50% of their revenues in the target area of a certain index to be eligible for index inclusion. Country weightings are based on the weightings of all index components in a certain country.
Country | Components | Weight |
Canada | 5 | 12.52% |
United States | 3 | 10.29% |
France | 1 | 2.14% |
Netherlands | 1 | 2.59% |
United Kingdom | 1 | 2.36% |
Australia | 8 | 33.62% |
Chile | 1 | 6.92% |
China | 7 | 29.56% |
Total | 27 | 100.00% |
Sector | Components | Weight |
Materials | 26 | 100.00% |
Unclassified | 1 | 0.00% |
Total | 27 | 100.00% |
Size Weightings
- Large-Cap: companies with a market capitalisation above 6,000 mln
USD
- Mid-Cap: companies with a market capitalisation from 1,500 mln to 6,000 mln
USD
- Small-Cap: companies with a market capitalisation from 200 mln to 1,500 mln
USD
- Micro-Cap: companies with a market capitalisation up to 200 mln
USD
Size | Market Cap | Components | Weight |
Large-Cap | 26,309,064,000 USD | 3 | 23.26% |
Mid-Cap | 44,964,627,900 USD | 15 | 64.06% |
Small-Cap | 5,184,873,040 USD | 8 | 12.68% |
Micro-Cap | - | - | - |
Total | 76,458,564,940 USD | 26 | 100.00% |