Rare metals benefit from both policy-driven supply and demand advantages, leading to an upward trend in the Jiashi (562800) Rare Metals ETF's performance.

March 27, as of 14:42, the CS Rare Metal Index rose 4.55%.

In terms of individual stocks, Ganfeng Lithium surged more than 9%, Tianqi Lithium, China Minmetals Resources, and Salt Lake Shares rose more than 6%, while China Rare Earth, China Tungsten High-Tech, and others rose more than 3%. Huayou Cobalt, Xiamen Tungsten, North Rare Earth, and others rose more than 2%, and Luoyang Molybdenum increased.

For热门 ETF, the rare metals ETF Harvest (562800) currently has trading volume of 524 million yuan and a turnover rate of 7.55%.

On the news front, on March 26, publicly available data showed that in 2025, the industrial total output value of Yunnan’s rare and precious metals industry exceeded 130 billion yuan. Local authorities have already introduced a special action plan and supporting policies such as interest subsidies for loans, production-increase incentives, and equipment investment subsidies, to advance the implementation of 122 key rare and precious metals projects. The Yunnan Central rare and precious metals cluster was selected as a national advanced manufacturing industry cluster in 2024, and has formed a complete industrial lineup covering categories such as platinum, germanium, indium, tin, and rare earths. Nationwide, 60% of new rare metals materials in the platinum group and more than 80% of liquid metal thermal conduction products are produced locally.

Analysts noted that rare metals such as rare earths, tungsten, molybdenum, and cobalt have strong strategic resource attributes. Supply is highly concentrated domestically, and catalyzed by geopolitical conflicts, expectations for strategic reserves and military procurement restocking are continuously strengthening. Their downside resilience and value for medium-term allocation are more prominent. With global lithium battery shipments maintaining steady growth, it will drive profit recovery in upstream materials such as battery-grade lithium carbonate. Meanwhile, the expansion pace for midstream and upstream players is relatively cautious, capacity utilization continues to improve, and market share is concentrating toward leading companies, so the earnings performance of related materials companies is expected to continue improving.

The rare metals ETF Harvest (562800) closely tracks CS Rare Metals (930632.CSI). The CSI rare metals theme index selects securities of listed companies whose business involves rare metals mining, smelting, and processing, with no more than 50 companies, as index samples, to reflect the overall performance of securities of rare metals theme listed companies.

The rare metals ETF Harvest (562800) currently has a management fee rate of 0.5% (per year), a custody fee rate of 0.1% (per year), and an off-exchange linked fund of (014110, 014111).

Source: Harvest Fund

Risk Warning: Funds involve risk; invest with caution.