Just caught that Sprott launched a new rare earth ETF (REXC) - apparently it's the only one tracking companies outside China in this space. Pretty interesting timing given all the geopolitical supply chain stuff happening right now.

So basically the fund tracks mining and production of rare earth elements globally, but specifically excludes anything China-based. They're putting at least 80% of assets into this rare earth index they created. The whole pitch is about national security and energy independence - governments are scrambling to find alternatives to Chinese rare earth suppliers.

What caught my attention is how they're positioning this as a pure-play opportunity. If you're thinking about the rare earth supply chain reshoring trend, this could be a cleaner way to get exposure without picking individual stocks. They've already got uranium, copper, lithium plays in their ETF suite, so rare earth fits right into that critical minerals angle they're going for.

Not sure if this moves the needle for most retail investors, but it's definitely a signal about where institutional money sees the opportunity. The rare earth sector's been pretty volatile though, so not exactly a set-and-forget investment.