去全球化背景下战略小金属景气有望延续，稀有金属ETF(562800)获资金逢低布局

Group 1 - The rare metals sector has shown signs of recovery, with the CSI Rare Metals Theme Index rising by 0.54% as of 13:19 on November 27, 2025, driven by significant increases in stocks such as Yunnan Zhenye (+5.63%) and Tin Industry Co. (+4.90%) [1] - The supply-side uncertainty and a substantial increase in demand from downstream sectors like energy storage and power batteries have led to a surge in lithium carbonate futures, which previously exceeded 100,000 yuan/ton [1] - Strategic minor metals are characterized by limited reserves, high extraction difficulty, and insufficient supply elasticity, while rapid growth in demand from new energy, semiconductors, and military industries exacerbates supply-demand conflicts [1] Group 2 - According to Shenwan Hongyuan Research, the minor metals sector is expected to experience positive changes in 2026, with high growth in energy storage demand prompting an earlier reversal cycle in the lithium carbonate industry [1] - The ongoing re-evaluation of strategic minor metals such as rare earths, tungsten, and antimony will be supported by the reshaping of the global credit landscape and the continuation of the Federal Reserve's interest rate cuts [1] - As of October 31, 2025, the top ten weighted stocks in the CSI Rare Metals Theme Index include Northern Rare Earth, Luoyang Molybdenum, and Huayou Cobalt, collectively accounting for 60% of the index [1]