May. 24 at 4:50 PM
China controls 85-90% of REE processing. That's not a risk — that's a loaded gun pointed at Western supply chains.
$REXC
is the pure-play bet on the divorce.
Top holdings
$MP
and
$LYSDY are the backbone here, with
$ALOY
and
$USAR
rounding out upstream/downstream exposure. IRA + CHIPS Act funding + China export restrictions = serious geopolitical tailwind for this thesis.
Concentration risk is real — tiny fund universe, volatile REE pricing, some names still pre-revenue. But if China tightens export quotas further, this basket rips. Im watching
$MP
as the lead indicator. 👀