XME Rode Gold to a Near Double, Now Freeport's Q2 Restart Will Test the Rally

The SPDR S&P Metals & Mining ETF (NYSEARCA:XME) has nearly doubled over the past year, climbing from around $62 to $118, as investors pile into commodities exposed to electrification, defense, and monetary policy uncertainty.

24/7 Wall Street • Feb 18, 2026

Metals Whiplash: 2 Top ETFs For Diversified Materials Exposure

Precious metals plunged after President Trump named his Fed chair nominee, a sharp swing that saw gold surpass bitcoin in volatility while mining stocks tumbled. Investors rushed to buy the dip, but volatility underscored the value of diversifying across metals with different demand drivers and macroeconomic exposure. Diversified ETFs offer access to a broad range of metal and mining stocks spanning the materials and energy sectors.

Seeking Alpha • Feb 4, 2026

US $12 Billion Critical Minerals Stockpile Puts Rare Earth ETFs Back In Focus

A fresh push from Washington to secure access to critical minerals could bring fresh investor interest across the U.S. ETF market.

Benzinga • Feb 2, 2026

The Mining And Metals Supercycle- Driven By AI And The Deterioration Of Fiat Currency Values

The State Street SPDR S&P Metals & Mining ETF is rated a buy below $130, driven by surging AI-driven metals demand and fiat currency weakness. AI infrastructure spending, forecast to reach $2.52 trillion in 2026, is fueling a supercycle in precious, nonferrous, and ferrous metals. Gold and silver have dramatically outperformed fiat currencies, signaling declining purchasing power and supporting higher metal prices.

Seeking Alpha • Jan 27, 2026

XME: Strong Price Momentum Meets Bullish 2026 Global Fundamentals (Rating Upgrade)

State Street SPDR S&P Metals & Mining ETF (XME) is upgraded to buy after a 96% YoY rally and improved valuation metrics. XME's P/E has dropped to 15.4x, with anticipated long-term EPS growth above 26%, making the PEG ratio highly attractive. The ETF's equal-weighted structure and small-cap tilt add risk, but no single holding dominates, and liquidity has surged.

Seeking Alpha • Jan 4, 2026

Will Santa Claus Rally Set In for 2025? 4 Best ETF Areas to Explore

Santa Rally may lift Wall Street! ETFs like MAGS, XME, JETS & ITA could benefit in Dec -- Jan amid seasonal optimism and market tailwinds.

Zacks Investment Research • Dec 22, 2025

Washington Just Handed Steelmakers a Huge Win: ETFs to Gain

Trump's move easing EPA rules boosts the steel supply chain, setting ETFs like XME up for firmer pricing power and steadier volumes.

Zacks Investment Research • Nov 27, 2025

Consider The XME ETF For Rising Metals Prices

The SPDR® S&P Metals and Mining ETF offers diversified, liquid exposure to rising metals prices, with a strong bullish trend since 2020. XME has rallied 471% from its March 2020 low, benefiting from substantial gains across gold, silver, copper, aluminum, zinc, and uranium. XME receives top ETF grades for price performance and liquidity, though it scores lower on dividend yield and risk due to metals volatility.

Seeking Alpha • Sep 23, 2025

XME: Materials Dashboard For September

This article provides a top-down analysis of the materials sector based on fundamental metrics. The construction materials industry is slightly overvalued, while the chemicals industry has the worst value and quality scores. SPDR® S&P Metals and Mining ETF is best suited for tactical allocation in the metals and mining subsector, with value characteristics and recent XME outperformance.

Seeking Alpha • Sep 16, 2025

35 ETFs to Watch After the S&P 500's Most Recent Surge

Over the last 100 trading days, or roughly five months, the S&P 500 Index (SPX) has surged more than 25%.

Schaeffers Research • Sep 4, 2025