Small metals or positive metals are now ushering in a historic value reassessment opportunity, and the rare metal ETF Harvest (562800) is expected to benefit.

As of April 1, 2026, 13:24, the CSI Rare Metals Theme Index increased by 0.97%, with constituent stocks such as Luoyang Molybdenum increased by 5.54%, Platinco New Materials up by 4.25%, Instech up by 3.40%, Jinhui Permanent Magnet up by 3.06%, and Huayou Cobalt up by 2.84%.

At the policy level, the draft of the “14th Five-Year Plan” clearly lists lithium, nickel, cobalt, tin, rare earths, and other minerals as key strategic resources, requiring strengthened exploration, development, and reserves. This top-level design provides systematic support for resource security in rare metals. Driven by the dual forces of “strategic resource industry lifelines + explosive demand for new energy,” the rare metals sector may be experiencing a historic revaluation opportunity.

Market analysis suggests that, amid increasing geopolitical risks, ensuring national security through resource self-sufficiency and productivity enhancement remains the main investment theme. Strategic minor metals have limited reserves, difficult extraction, and insufficient supply elasticity. Meanwhile, downstream demand from new energy, semiconductors, and military industries is rapidly growing, intensifying supply-demand conflicts. CICC pointed out that supply of lithium carbonate is impacted by three factors: continued export bans in Zimbabwe, tight diesel supplies in Australia suppressing lithium mining, and production halts due to issues with lithium mica mining rights in Yichun, Jiangxi. In the medium to long term, frequent policy disturbances in resource-rich countries combined with the increasing certainty of new energy as an energy security solution support the valuation logic of the lithium sector.

Haitong International analysis indicates that Australian diesel prices have already surged over 50%. If the Middle East situation worsens, leading to continued supply chain disruptions, Australia’s lithium production—accounting for about 30% of global lithium raw material supply—could significantly shrink in the short term, potentially triggering a new supply chain crisis amid ongoing growth in global lithium demand.

Data shows that as of March 31, 2026, the top ten holdings of the CSI Rare Metals Theme Index(930632) are Luoyang Molybdenum, Northern Rare Earth, Salt Lake Shares, Huayou Cobalt, Ganfeng Lithium, Xiamen Tungsten, Tianqi Lithium, Zhongkuang Resources, Zhongtung High-tech, and China Rare Earth, with the top ten holdings accounting for 57.87% of the index.

The Jiashi(562800) tracking ETF, which follows the CSI Rare Metals Theme Index, is a convenient tool for investing in the rare metals sector.

Off-market investors can also focus on investment opportunities in the rare metals sector through the Rare Metals ETF Connect Fund (014111).