Yes, that volume got my attention. Being an ETF, it didn't run beyond reach the way individual stocks sometimes do.
I researched mpmaterials.com, the owner/operator of the Mountain Pass mine, but they're privately held. The Chinese actually added a tariff to the ore that mpmaterials exports to China for processing. Seems to me they're shooting themselves in the foot, providing incentive to process the ore here.
Either way, this could be a great speculative play on the trade war, and this is a low enough entry point to mitigate the risk.
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