Sprott Asset Management launched the Sprott Rare Earths Ex‑China ETF (REXC) on April 14, 2026, the firm’s first exchange‑traded fund focused exclusively on rare‑earth companies outside China. The fund tracks the Nasdaq Sprott Rare Earths Ex‑China Index (NSREXC) and carries a 0.65% expense ratio.
The launch taps a growing market driven by geopolitical pressure to diversify critical‑materials supply chains. Rare earth elements are essential for AI, electric‑vehicle batteries, renewable‑energy systems, and defense technologies, and China currently controls the majority of global production. By offering pure‑play exposure to mining, refining, and separating companies outside China, REXC provides investors with a targeted way to participate in this tailwind.
Steve Schoffstall, managing partner and head of ETFs at Sprott, said the fund “sits at the intersection of national security, energy security and technological leadership.” He added that the ex‑China focus aligns with governments’ efforts to secure non‑China supply chains and that the ETF is positioned to capture demand from those seeking diversification.
REXC expands Sprott’s critical‑materials mandate and joins a suite that includes the Sprott Critical Materials ETF, the Sprott Uranium Miners ETF, and others. The launch signals the firm’s commitment to providing tangible exposure to strategic metals and reflects the broader industry shift toward supply‑chain resilience.
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