REMX is about even on REE and Lithium miners/developers @ ~ 20% +/- 5%.
Lithium has definitely been a larger portion of late than it was historically. None of the big three lithium miners (ALB, SQM, FMC) though, just the upstarts: ORE, PIL, GXY, LAC, NMX. Lynas has never been their top holding AFAIK, currently ~5%. Pilbara was tops at one point last month, so it's certainly possible given the ETF's risk profile.
The other 60% are miners / smelters / processers / specialty chem suppliers of Ti, Mo, W, Mn, Zr, Co, Cu, Cr, Ni, Si (et al).
Big green Nth RE, page-10
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