As of April 3, 2026, 13:12, the CSI Rare Metals Theme Index fell by 0.93%. Among the constituent stocks, Yunnan Germanium led with a rise of 7.37%, Plumbum Technology rose by 2.12%, and Yuyuan New Materials increased by 1.44%; Chuaneng Power led the decline, followed by Yunlu Co., Ltd. and Keli Yuan.
On the macro policy front, the 2026 government work report clearly states to &#34;strengthen the security capability construction in key areas of energy and resources,&#34; and the 14th Five-Year Plan draft deploys to enhance the competitive advantages of rare earths and rare metals, comprehensively rectifying &#34;involution&#34; competition.
Xiangcai Securities pointed out that the current operating rate of rare earth supply-side raw ore separation enterprises continues to decline, and stricter industry inspections have prompted non-compliant production capacity to actively suspend and undergo maintenance. Indicator control and environmental assessment constraints are difficult to alleviate in the short term; although waste material supply is expected to provide some supplement, the overall social inventory remains low, and the overall supply-demand tight pattern has not changed. The recent phase decline in downstream orders is due to the previous price drop leading to delayed procurement, while terminal demand continues to grow steadily. With subsequent inventory depletion, industry chain prices are expected to stabilize and rise.
Regarding lithium, Guosen Securities believes that lithium prices are expected to reach a peak of over 200,000 yuan/ton in 2026. Supply disruptions have not been eliminated, and the Jiangxiawo project in the Yichun area has not yet resumed production; meanwhile, demand for power batteries is growing rapidly with the domestic new energy vehicle production and sales, and demand for energy storage batteries has greatly exceeded expectations, becoming a new growth highlight.
Data shows that as of March 31, 2026, the top ten weighted stocks in the CSI Rare Metals Theme Index (930632) are Luoyang Molybdenum, Northern Rare Earth, Salt Lake Co., Ltd., Huayou Cobalt, Ganfeng Lithium, Xiamen Tungsten, Tianqi Lithium, Zhongmin Resources, China Tungsten High-tech, and China Rare Earth, with the top ten weighted stocks accounting for a total of 57.87%.
The rare metals ETF Harvest (562800) tracks the CSI Rare Metals Theme Index and serves as a convenient tool for investing in the rare metals sector.
Offshore investors can also pay attention to investment opportunities in the rare metals sector through the rare metals ETF linked fund (014111)

002428

159715

561800

159608

562800

516780

159713

As of April 3, 2026, the CSI Rare Metals Theme Index fell by 0.93%. Yunnan Germanium had the largest increase, reaching 7.37%. Macroeconomic policies support the rare earth industry, and the tight supply-demand situation is expected to continue, with prices likely to stabilize and rise. Lithium prices are expected to exceed 200,000 yuan/ton in 2026, with significant growth in demand for power batteries. The Harvest CSI Rare Metals Theme ETF provides investors with a convenient investment tool

腾讯新闻 - 财经

Yunnan Germanium

E Fund CSI Rare Earth Industry ETF

Harfor CSI Rare Metals Theme ETF

GF CSI Rare Metals Theme ETF

Harvest CSI Rare Metals Theme ETF

Huatai-PB CSI Rare earth industry ETF

Fullgoal CSI Rare Earth Industry ETF

The rare earth industry chain prices are expected to stabilize and rise, and the rare metals ETF Harvest focuses on investment opportunities in small metals