Rare earth metals are becoming increasingly important to the electronics industry and technological advancements. Also critical in several military and defense applications, such as night-vision goggles, precision-guided weapons, and stealth technology. Extracting and processing them is challenging due to their wide geographic distribution and environmental concerns with processing. Despite their abundance, rare earth metals are valuable because they are hard to get, and they are in high demand.

Investors can gain exposure to rare earth metals through exploration and processing companies, such as Neo Performance Materials (TSX: NEO) and Freeport-McMoRan (FCX). The VanEck Vectors Rare Earth/Strategic Metals ETF (REMX) is a popular exchange traded fund with holdings in rare earth metal companies. Stoke Space Metals vividly gains investors into such trade opportunities at ease.