Core Viewpoint - The demand for rare earth elements in emerging industries such as new energy vehicles, industrial robots, and low-altitude economy continues to grow, leading to a supply-demand mismatch and an upward trend in prices for major rare earth products [1]. Group 1: Price Trends - As of September 2, the average price of praseodymium metal was reported at 806,250 CNY/ton, with a daily increase of 12,500 CNY/ton; neodymium averaged 788,750 CNY/ton, also up by 12,500 CNY/ton; and dysprosium averaged 2,037,500 CNY/ton, rising by 10,000 CNY/ton [1]. - The price increase in rare earth products has attracted significant capital into the rare earth sector, with the rare earth ETF (516780) showing a notable increase in trading volume [1]. Group 2: Investment Opportunities - The rare earth ETF (516780) closely tracks the CSI Rare Earth Industry Index, which includes companies involved in rare earth mining, processing, trading, and applications. The top five constituent stocks are Northern Rare Earth, China Rare Earth, Lingyi Technology, Shenghe Resources, and Wolong Electric Drive [2]. - In the context of rising rare earth prices due to supply-demand imbalance, the rare earth ETF and its linked funds are expected to be quality tools for investors looking to capitalize on opportunities in the rare earth sector [2]. Group 3: Fund Management - The manager of the rare earth ETF, Huatai-PB Fund, has over 18 years of experience in ETF operations, with industry-leading index investment management capabilities and tracking error [2].