国内“两新”政策预期持续发酵，稀土磁材需求有望继续提振，稀土ETF基金(516150)逆市红盘

Group 1 - The liquidity of the rare earth ETF fund reached a trading volume of 12.7067 million yuan, with a total fund size of 1.615 billion yuan [2] - Over the past 20 trading days, the rare earth ETF fund has attracted a total of 15.8716 million yuan in inflows [2] - The latest financing buy-in amount for the rare earth ETF fund is 1.0375 million yuan, with a financing balance of 12.2376 million yuan [2] Group 2 - The price-to-earnings ratio (PE-TTM) of the index tracked by the rare earth ETF fund is currently 30.03, which is in the 9.41% percentile over the past year, indicating a historical low valuation [2] - Domestic supply constraints are expected to strengthen due to stricter regulations and the potential exit of smaller companies from the market, alongside the halt of rare earth concentrate shipments by MP Materials [2] - Demand for rare earth materials is anticipated to remain strong due to ongoing policy support and the role of rare earth magnets in robotics [2] Group 3 - As of March 31, 2025, the top ten weighted stocks in the China Rare Earth Industry Index account for 56.81% of the index, including companies like Northern Rare Earth, Wolong Electric Drive, and China Rare Earth [3] - Investors can also access rare earth investment opportunities through the connection fund (011036) [3]