近期商务部宣布加强对稀土相关物项的出口管制，进一步凸显了稀土资源的战略地位，推动市场对稀土 板块的关注度迅速攀升。在供需双重因素共振下，稀土价格持续走强，相关ETF投资热度提升，截至今 日早盘11：30收盘，稀土ETF（516780）成交额已达2.83亿元，相较上一交易日（9月30日）的全天成交 额3.06亿元显著放量。跟踪中证稀土产业指数的稀土ETF（516780）及其联接基金（A类014331，C类 014332）作为布局稀土板块机会的优质工具，受到投资者关注。 消息面上，2025年10月9日，商务部公布对境外相关稀土物项实施出口管制的决定指出，境外特定出口 经营者在向中国以外的其他国家和地区出口前，必须获得中国商务部颁发的两用物项出口许可证件；对 向境外军事用户的出口申请以及向出口管制管控名单和关注名单所列的进口商和最终用户的出口申请， 原则上不予许可。此举或强化了我国在稀土供应链中的主动权，也引发市场对供给趋紧的预期。 德邦证券认为，稀土作为高端制造与战略新兴产业的核心资源，正呈现供需两端共振格局。一方面，我 国通过配额管理与出口管制强化了产业链的战略主动权，确保资源向高端应用环节倾斜；另一方面，全 ...

Group 1 - The recent export control policy on rare earths in China has garnered global attention, leading to increased market interest in the rare earth sector and related products [1] - The Huatai-PB Fund's rare earth ETF (516780) has seen significant inflows, with its scale growing by 22.3 million yuan since May, reaching a total of 1.107 billion yuan, and an average daily trading volume of nearly 70 million yuan [1] - According to Guotai Junan Securities, since February 2025, the price of rare earth commodities has not seen significant increases, but with upcoming overseas replenishment demand and the domestic electric vehicle peak season, rare earth prices are expected to rise [1] Group 2 - The Huatai-PB Fund, which manages the rare earth ETF (516780), has over 18 years of experience in ETF operations and is recognized for its industry-leading index investment management and tracking error levels [2] - As of the end of the second quarter of 2025, the total scale of ETFs managed by Huatai-PB Fund reached 499.5 billion yuan, with the Hu-Shen 300 ETF (510300) being the largest in the market, having distributed over 16.5 billion yuan in dividends since its inception [2]