The price trend of the rare earth industry chain is expected to stabilize and trend upward, and the Rare Metals ETF by Harvest Fund, which focuses on investment opportunities in small metals.

As of April 3, 2026, 13:12, the CSI Rare Metals Theme Index declined by 0.93%.
In terms of constituent stocks, gains and losses were mixed, with Yunnan Germanium leading the rise at 7.37%, Polycold New Materials up 2.12%, and Yeyan New Materials up 1.44%;
Chuaneng Power led the decline, with Yunlu Shares and Keli Yuan following suit.

On the macro policy level, the 2026 government work report explicitly states “Strengthen the safety capacity building in key energy and resource fields,” and the draft of the 14th Five-Year Plan emphasizes enhancing competitive advantages in rare earths and rare metals, while comprehensively regulating “involution-style” competition.

Xiangcai Securities pointed out that currently, the operating rate of raw ore separation enterprises in the rare earth supply side continues to decline, and stricter industry inspections are prompting non-compliant capacities to voluntarily shut down and undergo maintenance;
Short-term constraints on indicator control and environmental assessments are difficult to alleviate;
Although waste material supply is expected to provide some supplementation, overall social inventory remains low, and the supply-demand pattern remains tight.
Recent phased decline in downstream orders is due to earlier price drops leading to delayed procurement, but terminal demand continues to grow steadily.
As inventory is gradually digested, industry chain prices are expected to stabilize and rise.

Regarding lithium, Guoxin Securities believes that in 2026, lithium prices are expected to reach a peak of over 200k yuan per ton.
Supply disruptions have not been eliminated; currently, the Ji’an area’s Jianxiawo project has not yet resumed production;
Meanwhile, demand for power batteries is growing rapidly with domestic new energy vehicle production and sales, and the demand for energy storage batteries has exceeded expectations, becoming a new growth highlight.

Data shows that as of March 31, 2026, the top ten weights 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, Zhongwuzhongxin, and China Rare Earth, with the top ten stocks accounting for a total of 57.87%.

The Gaosheng Rare Metals ETF, tracking 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).