Sou Hu Cai Jing·2025-08-11 03:26Group 1: Liquidity and Performance of Rare Metal ETF - The Rare Metal ETF had an intraday turnover of 11.35%, with a transaction volume of 147 million yuan, indicating active market trading [3] - As of August 8, the average daily transaction volume of the Rare Metal ETF over the past month was 89.44 million yuan, ranking first among comparable funds [3] - The Rare Metal ETF experienced a significant scale increase of 82.82 million yuan over the past week, also ranking first among comparable funds [3] - The ETF's shares increased by 45.45 million shares in the past week, marking a notable growth and ranking first among comparable funds [3] - Over the past five trading days, the Rare Metal ETF saw net inflows on three days, totaling 26.30 million yuan [3] - The net value of the Rare Metal ETF rose by 59.78% over the past year, ranking 306 out of 2954 index stock funds, placing it in the top 10.36% [3] - The highest monthly return since inception was 24.02%, with the longest consecutive monthly increase being three months and a maximum increase of 29.68% [3] - The average return during rising months was 8.13%, and the annualized excess return over the benchmark for the past three months was 9.00% [3] Group 2: Index Tracking and Key Stocks - The Rare Metal ETF closely tracks the CSI Rare Metal Theme Index, which selects up to 50 listed companies involved in rare metal mining, smelting, and processing [4] - As of July 31, 2025, the top ten weighted stocks in the CSI Rare Metal Theme Index included Northern Rare Earth, Salt Lake Co., Luoyang Molybdenum, Huayou Cobalt, Ganfeng Lithium, Tianqi Lithium, China Rare Earth, Shenghe Resources, Zhongjin Resources, and Western Superconducting, collectively accounting for 55.85% of the index [4] Group 3: Market Outlook and Strategic Insights - Guojin Securities noted that under the "anti-involution" trend, the prices of strategic resources need to be reassessed, with expectations of supply contraction gradually strengthening [4] - The policies are expected to open up the industry supply reform, benefiting leading state-owned enterprises, and the sector is anticipated to see both performance and valuation increases [4] - CICC expressed that despite rising regional conflicts, global supply-demand improvements and low inventory levels are likely to further boost small metal prices, enhancing corporate profitability and growth potential, with significant valuation appeal for industry leaders [4]