Group 1: ETF Performance - The Rare Metals ETF has a turnover rate of 6.87% with a transaction volume of 83.93 million yuan, and it ranks first among comparable funds in terms of average daily trading volume over the past week at 131 million yuan [3] - The latest scale of the Rare Metals ETF reached 1.22 billion yuan, marking a one-year high and ranking first among comparable funds [3] - The ETF's shares reached 1.843 billion, a three-month high, also ranking first among comparable funds [3] - Over the past six days, the Rare Metals ETF has seen continuous net inflows, with a single-day peak of 50.91 million yuan, totaling 177 million yuan in net inflows [3] - As of July 28, 2025, the ETF's net value has increased by 59.46% over the past year, ranking 267 out of 2938 in the index stock fund category, placing it in the top 9.09% [3] - The ETF has recorded a maximum monthly return of 24.02% since its inception, with the longest consecutive monthly gains being three months and the longest gain percentage being 14.06%, averaging a monthly return of 7.76% [3] - The ETF has outperformed its benchmark with an annualized return of 9.87% over the past three months [3] Group 2: Market Insights - Huatai Securities notes that the domestic "anti-involution" policies are intensifying, combined with recent overseas fiscal and monetary easing, leading to strong performance in the metals sector [4] - The price of polysilicon has successfully recovered, boosting market confidence, which has spilled over into lithium carbonate and alumina [4] - Lithium, cobalt, and rare earths have found price bottoms from a cost perspective, with independent factors driving price increases, such as stricter mining rights reviews for lithium and strategic enhancements and shortages for rare earths [4] - Zhongyou Securities highlights that the Democratic Republic of the Congo has banned cobalt exports since February, with extensions in June, leading to a depletion of in-transit cobalt mines, and anticipates that the peak season in September and October will drive inventory reductions [4] - The top ten weighted stocks in the China Rare Metals Theme Index as of June 30, 2025, include Salt Lake Co., Northern Rare Earth, Luoyang Molybdenum, Huayou Cobalt, Ganfeng Lithium, Tianqi Lithium, China Rare Earth, Western Superconducting, Zhongmin Resources, and Xiamen Tungsten, collectively accounting for 54.07% of the index [4]

Group 1: Metal Sector Insights - The domestic anti-involution trend is intensifying, coupled with recent overseas fiscal and monetary easing, leading to a favorable overall performance in the metal sector [1] - The price of polysilicon has successfully continued to recover, boosting market confidence, which has now spilled over into lithium carbonate and alumina [1] - Lithium, cobalt, and rare earths have found price bottoms from a cost perspective, with recent independent factors triggering price increases: lithium due to stricter mining rights reviews, cobalt due to export bans from the Democratic Republic of Congo, and rare earths driven by strategic enhancements and shortage expectations [1] - In the basic metals uptrend, aluminum's focus is on dividends, while copper's focus is on growth potential; additionally, attention is recommended for the processing sector [1] - The trading logic for steel may shift from primarily benefiting from raw material discounts to a combination of supply contraction and raw material price declines improving industry conditions [1] Group 2: 3D Printing and PLA Industry - The consumer-grade desktop 3D printing equipment is rapidly emerging, presenting transformative opportunities for related materials, including PEI for printing devices and commonly used extrusion materials like PLA/PETG [2] - Materials suitable for specific needs, such as TPU/ABS/PA/PPS/carbon fiber composites, as well as resins and photoinitiators for light-curing processes, are expected to see continued development [2] - Attention is recommended for companies within the PLA-related industry chain, while PETG, TPU, nylon, and PPS categories are also anticipated to grow [2] Group 3: Power Generation and Energy Storage - The rapid development of renewable energy necessitates the construction of controllable power sources, primarily coal, hydro, nuclear, and energy storage [3] - Current conditions indicate that safety redundancy capacity is continually decreasing, making the advancement of controllable power source construction urgent [3] - During the 14th Five-Year Plan period, the average annual demand for coal power installed capacity is estimated at 60-80 GW, which significantly differs from the current market expectation of 30-40 GW [3] - The construction of controllable effective capacity is expected to bring performance elasticity to related equipment companies [3]