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

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