稀有金属ETF(562800)近3天获得连续资金净流入，成分股东方锆业10cm涨停，云南锗业两连板

Core Viewpoint - The rare metals sector is experiencing mixed performance, with significant movements in key stocks and a notable increase in the rare metals ETF's scale and liquidity, indicating strong investor interest and potential opportunities in the market [1][3][4]. Group 1: Market Performance - As of August 20, 2025, the China Securities Rare Metals Theme Index decreased by 0.02%, with stocks like Dongfang Zirconium and Yunnan Zinc hitting the daily limit up, while others like Tianqi Lithium and Shengxin Lithium fell [1]. - The rare metals ETF (562800) showed a turnover of 4.79% during the trading session, with a total transaction value of 76.08 million yuan [3]. - The rare metals ETF reached a new high in scale at 1.576 billion yuan and a new high in shares at 2.266 billion, ranking first among comparable funds [3]. Group 2: Fund Flows and Returns - The rare metals ETF has seen continuous net inflows over the past three days, with a peak single-day net inflow of 45.66 million yuan, totaling 87.15 million yuan [3]. - Over the past year, the rare metals ETF's net value increased by 72.84%, ranking in the top 10.15% among index equity funds [3]. - The ETF's highest monthly return since inception was 24.02%, with an average monthly return of 8.13% during rising months [3]. Group 3: Supply and Demand Dynamics - The Democratic Republic of Congo's government has implemented a temporary export ban on cobalt products, expected to reduce global cobalt supply by 22.3% in 2025, while demand is projected to grow by 9.1% due to stable penetration rates of ternary lithium batteries [4]. - The supply-demand balance for cobalt is shifting from surplus to shortage, with cobalt prices expected to maintain above 350,000 yuan per ton in 2026-2027 [4]. Group 4: Strategic Importance of Rare Earths - The U.S. Department of Defense's acquisition of a 15% stake in MP Materials for $400 million highlights the strategic value of rare earths, with the U.S. committing to purchase neodymium oxide at prices 74% higher than domestic levels [5]. - China has implemented export controls on heavy rare earth elements, reinforcing the strategic position of rare earths as dual-use resources amid a backdrop of "de-globalization" [5].