--- title: "The rare metals ETF Harfor rose 1.15% during the session, with the supply and demand fundamentals of small metals expected to experience strong resonance, and the trend of strategic value reassessment is clear against the backdrop of geopolitical conflicts" type: "News" locale: "en" url: "https://longbridge.com/en/news/281819223.md" description: "The Hwabao CSI Rare Metals Theme ETF (561800) rose by 1.15%, and the CSI Rare Metals Theme Index (930632) increased by 1.34%. Component stocks such as Mining Resources, ZY-Tungsten, and CHINATUNGSTEN HIGHTECH all saw significant gains. Recently, rare metal prices have diverged, with praseodymium-neodymium oxide and tin ingot prices rising by 7.16% and 6.70%, respectively. Guojin Securities pointed out that the supply reform in the rare earth industry continues to advance, the tin industry chain is affected by Indonesia's export policies, and the inventory of military metals such as tungsten and molybdenum is at a low level, with a clear trend of strategic value reassessment under the geopolitical backdrop" datetime: "2026-04-07T02:14:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281819223.md) - [en](https://longbridge.com/en/news/281819223.md) - [zh-HK](https://longbridge.com/zh-HK/news/281819223.md) --- # The rare metals ETF Harfor rose 1.15% during the session, with the supply and demand fundamentals of small metals expected to experience strong resonance, and the trend of strategic value reassessment is clear against the backdrop of geopolitical conflicts As of April 7, 2026, 09:47, the CSI Rare Metals Theme Index (930632) has surged by 1.34%. Among its constituent stocks, Minmetals Resources rose by 4.43%, ZY-Tungsten increased by 3.99%, CHINATUNGSTEN HIGHTECH went up by 3.52%, and stocks like Yunnan Geology and Jiangte Electric also followed suit. The Rare Metals ETF Hwabao (561800) rose by 1.15%. Looking at a longer time frame, as of April 3, 2026, the Rare Metals ETF Hwabao has accumulated a rise of 6.19% over the past two weeks. 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 Industry, Huayou Cobalt, Ganfeng Lithium, Xiamen Tungsten, Tianqi Lithium, Minmetals Resources, CHINATUNGSTEN HIGHTECH, and China Rare Earth, with the top ten stocks accounting for a total of 57.87%. Recently, the prices of rare metals such as rare earths, tin, tungsten, antimony, molybdenum, uranium, and tantalum have shown a divergent trend. Among them, the prices of praseodymium-neodymium oxide and tin ingots increased by 7.16% and 6.70% month-on-month, respectively, indicating a recovery in downstream replenishment demand. Although tungsten concentrate has seen a short-term correction, the special rectification of illegal mining resources in Ganzhou, combined with the advancement of overseas strategic reserves, is expected to bring a strong resonance to the supply-demand fundamentals. Prices of antimony, molybdenum, uranium, and tantalum have also risen to varying degrees, reflecting the strengthening of the long-term support logic for key minor metals due to global energy transition and expansion of defense spending. Guotai Securities pointed out that the supply-side reform in the rare earth industry continues to advance, with 2026 being a key year for resolving competition among peers; the tin industry chain is affected by Indonesia's export policies, leading to an increased willingness of processing enterprises to replenish stocks; the inventory of military metals such as tungsten and molybdenum remains low, and the trend of strategic value reassessment under the geopolitical background is clear. 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