Sprott's New ETF Targets Rare Earths Outside China As AI Boom Accelerates

Sprott Asset Management has launched the Sprott Rare Earths Ex-China ETF (NASDAQ:REXC), targeting global rare earth companies amid rising demand from AI and shifts in supply chains away from China. This ETF is unique as it focuses solely on non-China rare earth firms, tracking the Nasdaq Sprott Rare Earths Ex-China Index. With a net expense ratio of 0.65%, it aims to benefit from U.S. efforts to secure critical mineral supply chains, featuring companies like Defense Metals Corp. The launch reflects increasing investor interest in diversifying from China's rare earth dominance.