供需加剧有望推动稀土价格上涨，稀土ETF基金(516150)红盘上扬

Group 1 - The liquidity of the rare earth ETF fund reached a trading volume of 12.58 million yuan, with an average daily trading volume of 42.20 million yuan over the past year, ranking first among comparable funds [3] - The latest scale of the rare earth ETF fund is 1.613 billion yuan, with a total capital inflow of 15.52 million yuan over the last 21 trading days [3] - The price-to-earnings ratio (PE-TTM) of the index tracked by the rare earth ETF fund is 28.69 times, which is in the 8.24% percentile over the past year, indicating a historical low valuation [3] Group 2 - In February, the Ministry of Industry and Information Technology released draft regulations for total quantity control and information traceability management in the rare earth industry, aiming to strengthen supply-side management [3] - In April, the Ministry of Commerce and the General Administration of Customs announced export control measures on seven types of medium and heavy rare earths, which took effect immediately [3] - According to Guolian Minsheng Securities, China is the only country with a complete rare earth industry chain, and the export controls may tighten the supply of medium and heavy rare earths abroad, potentially driving up prices [3] Group 3 - As of March 31, 2025, the top ten weighted stocks in the Zhongzheng Rare Earth Industry Index include Northern Rare Earth, Wolong Electric Drive, China Rare Earth, and others, accounting for 56.81% of the total [4] - Investors can also access rare earth investment opportunities through the connection fund (011036) [4]