Rare earth prices have returned to an upward trend, and the rare earth ETF Huatai-PB (516780) is expected to benefit

The rare earth market is recovering, with core product prices rising, benefiting the rare earth ETF Huatai-PB (516780). Since April, the price of praseodymium and neodymium oxide has increased by 2.3%, up 20.13% compared to the end of last year. The tight supply and demand is the reason for the price increase, as the growth rate of domestic rare earth mining quotas has slowed, and demand growth comes from fields such as new energy vehicles. The Ministry of Commerce stated that it will continue to communicate with the U.S. side regarding rare earth export controls. The rare earth ETF Huatai-PB (516780) closely tracks the rare earth industry index, with the number of holders reaching 60,300