Critical Minerals Stocks and ETFs by Mineral
Facts checked against sources on . How we check facts.
Critical minerals stocks are shares in miners and processors of the materials that governments class as critical, and the broad ETFs that hold them are weighted mostly toward copper, uranium, silver and lithium. Sprott's SETM, with $478.2 million of net assets on 13 October 2026, was 27.09% copper equities and 23.51% uranium equities on 30 September, with rare earths at 10.79%. Betashares' ASX-listed Critical Minerals ETF (XMET) named Anglo American, Teck Resources and Southern Copper as its three largest holdings. This page shows what the two funds hold, which listed companies stand behind each mineral and how the funds' definitions compare with the official lists.
Not investment advice. The page reports what funds publish and what companies file. It shows no share or fund prices and does not say whether any share or fund is worth owning.
50.60%
of SETM held in copper and uranium equities on 30 September 2026
Source: Sprott SETM fund page
10.79%
SETM weight in rare earth equities, the fifth largest of the nine groups in its weight breakdown
Source: Sprott SETM fund page
41.14%
of SETM in uranium and silver, which neither the EU nor Australia lists as critical
Source: Sprott SETM fund page and this site's list comparison
A$129.0m
net assets of Betashares XMET on 13 October 2026, against $478.2m for SETM
Source: Betashares and Sprott fund pages
Which ETFs hold critical minerals stocks?
Two funds are named for critical minerals, and their indexes carry the same Nasdaq Sprott name. SETM tracks the Nasdaq Sprott Critical Materials Index, which Nasdaq and Sprott co-developed, and XMET tracks the Nasdaq Sprott Critical Minerals Select Index, whose provider is Nasdaq.
| Fund | Issuer and launch | Annual cost | Net assets | What it holds | Largest holdings (13 October 2026) |
|---|---|---|---|---|---|
| SETM Sprott Critical Materials ETF | Sprott. Launched 1 February 2023. Nasdaq. | 0.65% management fee and total expenses | $478.2m on 13 October 2026 (fund page) | 156 holdings. Material weights on 30 September 2026: copper 27.09%, uranium 23.51%, silver 17.63%, lithium 17.27%, rare earths 10.79%, nickel 2.71%, manganese 0.49%, recyclers 0.39%, graphite 0.12%. | Freeport-McMoRan 5.71%, Cameco 5.21%, Lynas 4.26%, Kazatomprom 3.87%, Teck Resources 3.71% |
| XMET Betashares Critical Minerals ETF | Betashares. Launched 26 October 2022. ASX. | 0.69% management fee and costs | A$129.0m on 13 October 2026 (fund page) | Covers copper, lithium, nickel, cobalt, graphite, manganese, silver and rare earth elements. By country on 30 September 2026: Canada 22.3%, Australia 22.1%, Chile 15.0%, United States 13.5%, South Africa 7.4%. | Anglo American 6.0%, Teck Resources 5.9%, Southern Copper 5.8%, Freeport-McMoRan 5.7%, BHP 5.6% |
Sources were read on 14 October 2026. XMET's net assets are in Australian dollars.
Two further funds named on the rare earth ETFs page also carry the theme. VanEck's REMX holds lithium, tungsten and rare earth producers (fact sheet), and Global X's EART holds copper, platinum group and diversified miners (fact sheet).
What do the broad critical minerals funds hold, by mineral?
SETM holds mostly copper and uranium, which together made up 50.60% of the fund on 30 September 2026, followed by silver at 17.63% and lithium at 17.27%. Rare earths ranked fifth at 10.79%, nickel held 2.71%, manganese 0.49% and graphite 0.12%. Cobalt appears in the fund's description of its materials but has no line of its own in the weight breakdown, and the breakdown has no line for tungsten, antimony, gallium or germanium either.
XMET's largest holdings tell a similar story from a different angle, because its top five on 13 October 2026 were Anglo American, Teck Resources, Southern Copper, Freeport-McMoRan and BHP, all diversified or copper-led miners. The smaller metals that drive many national critical minerals debates, such as gallium, germanium and antimony, do not appear as lines in SETM's weight breakdown, so the mineral pages list company rows for each of them separately.
Which listed companies stand behind each mineral?
The companies below appear in the published holdings of the funds above and have a sourced row on this site's mineral pages. The table reuses those rows, so the role and source come from the same filing the mineral page cites, and the last column shows where each company sits in the funds' published weights.
| Mineral | Company and listing | What it does | Published fund weights | Source for the company row |
|---|---|---|---|---|
| Copper | Freeport-McMoRan NYSE: FCX | Copper, gold and molybdenum miner | SETM 5.71%, Betashares XMET 5.7%, EART 5.28% | Freeport-McMoRan, Form 10-K for 2025 (filed 13 February 2026) |
| Copper | Southern Copper NYSE: SCCO | Copper miner and smelter | XMET 5.8%, EART 4.95%, SETM 2.59% | Southern Copper: fourth quarter 2025 results release (Exhibit 99.1 to Form 8-K, 27 January 2026) |
| Lithium | Albemarle NYSE: ALB | Lithium producer | REMX 7.95%, SETM 3.35% | Albemarle: second quarter 2026 results (Exhibit 99.1 to Form 8-K, August 2026) |
| Lithium | SQM NYSE: SQM | Lithium producer | REMX 8.13%, XMET 4.7%, SETM 3.34% | Sociedad Química y Minera de Chile (SQM): fourth quarter 2025 earnings release (Form 6-K) |
| Lithium | PLS Group ASX: PLS | Spodumene concentrate producer | REMX 6.06%, EART 3.89%, SETM 3.32% | PLS Group: June 2026 quarterly activities report (30 July 2026) |
| Uranium | Cameco TSX: CCO; NYSE: CCJ | Uranium miner and fuel services provider | SETM 5.21% | Cameco: second quarter 2026 results (31 July 2026) |
| Uranium | Paladin Energy ASX: PDN | Uranium miner | SETM 2.53% | Paladin Energy: June 2026 quarterly key metrics summary (22 July 2026) |
| Uranium | Energy Fuels NYSE American: UUUU | Uranium and rare earth producer | REXC 1.87% | Energy Fuels: second quarter 2026 results (5 August 2026), as hosted on finanznachrichten.de |
| Silver | Hecla Mining NYSE: HL | Silver and gold miner | SETM 3.34% | Hecla: full year 2025 production and 2026 guidance (26 January 2026) |
| Tungsten | Xiamen Tungsten SSE: 600549 | Tungsten miner, smelter and powder maker | REMX 4.58% | Xiamen Tungsten: 2025 annual report, in Chinese (24 April 2026) |
| Tungsten | Almonty Industries Nasdaq: ALM | Tungsten miner | REMX 4.24% | Almonty Industries: Sangdong page |
| Rare earths | Lynas Rare Earths ASX: LYC | Rare earth miner and separator, producing NdPr oxide | REMX 6.10%, REXC 18.81%, SETM 4.26% | Lynas Rare Earths: 2026 Annual Report and Appendix 4E (26 August 2026) |
| Rare earths | MP Materials NYSE: MP | Rare earth miner and refiner at Mountain Pass, and magnet maker | REMX 6.69%, REXC 20.44%, SETM 3.05% | MP Materials: second quarter 2026 results (6 August 2026) |
Weights are percentages of each fund. They come from the REMX fact sheet (30 September 2026), the EART fact sheet (31 August 2026) and the SETM, XMET and REXC fund pages (13 October 2026). A company missing from a fund's published list may still be held.
Do the funds' definitions match the official critical minerals lists?
The funds' definitions overlap with the official lists but are not the same. All 8 non-rare-earth materials in SETM's description appear on the US list, and rare earth elements are on all four lists compared on this site. Uranium and silver, which together make up 41.14% of SETM, appear on neither the EU list nor Australia's critical minerals list, and silver is on no list other than the US one, where it was added in 2025. The list comparison and the US list page show each mineral's status.
What should a reader check in a critical minerals fund?
A reader can check the weight by mineral, the largest holdings, the cost and the trading spread in the issuer's documents. SETM charges 0.65% and its median 30-day bid-ask spread was 0.45% on 12 October 2026. XMET charges 0.69% and reports its net assets and prices in Australian dollars. Both funds track indexes of listed companies, and neither fund page describes holding the minerals themselves.
Frequently asked questions
What are critical minerals stocks?
Critical minerals stocks are shares in companies that mine, refine or process minerals that governments classify as critical, such as copper, lithium, uranium, tungsten and rare earths. The companies listed on this page include Freeport-McMoRan, Albemarle, Cameco, Xiamen Tungsten and Lynas, each with a sourced row on the relevant mineral page.
Which critical minerals ETFs exist?
Sprott's SETM on Nasdaq and Betashares' XMET on the ASX are the two funds named for critical minerals, and VanEck's REMX and Global X's EART also hold the theme. SETM had $478.2 million of net assets and 156 holdings on 13 October 2026, and XMET had A$129.0 million.
Does SETM hold rare earth companies?
Yes. SETM held rare earth equities at 10.79% of the fund on 30 September 2026, and its holdings on 13 October 2026 included Lynas at 4.26% and MP Materials at 3.05%. Copper at 27.09% and uranium at 23.51% were larger groups.
What is the difference between SETM and REMX?
SETM spreads its assets across nine material groups led by copper and uranium, while REMX holds 37 rare earth and strategic metals companies led by SQM, Albemarle and MP Materials. SETM charges 0.65% against REMX's 0.53%, and SETM's net assets were $478.2 million on 13 October 2026 against $1.64 billion for REMX.
Sources
Read on October 14, 2026. Figures on this page come from these documents; where a number is an estimate, the source says so.
- Sprott: SETM fund page (holdings and net assets as of 13 October 2026; material weights as of 30 September 2026)
- Sprott: SETM fact sheet as of 30 June 2026
- Betashares: Critical Minerals ETF (XMET) fund page, 13 October 2026
- VanEck: REMX fact sheet as of 30 September 2026
- Sprott: REXC fund page, holdings as of 13 October 2026
- Global X: EART fact sheet as of 31 August 2026
- Freeport-McMoRan, Form 10-K for 2025 (filed 13 February 2026)
- Southern Copper: fourth quarter 2025 results release (Exhibit 99.1 to Form 8-K, 27 January 2026)
- Albemarle: second quarter 2026 results (Exhibit 99.1 to Form 8-K, August 2026)
- Sociedad Química y Minera de Chile (SQM): fourth quarter 2025 earnings release (Form 6-K)
- PLS Group: June 2026 quarterly activities report (30 July 2026)
- Cameco: second quarter 2026 results (31 July 2026)
- Paladin Energy: June 2026 quarterly key metrics summary (22 July 2026)
- Energy Fuels: second quarter 2026 results (5 August 2026), as hosted on finanznachrichten.de
- Hecla: full year 2025 production and 2026 guidance (26 January 2026)
- Xiamen Tungsten: 2025 annual report, in Chinese (24 April 2026)
- Almonty Industries: Sangdong page
- Lynas Rare Earths: 2026 Annual Report and Appendix 4E (26 August 2026)
- MP Materials: second quarter 2026 results (6 August 2026)
