Recent sustained increases in rare earth spot prices have heightened market attention. Driven by tightening supply-demand dynamics, disruptions in overseas supply, and domestic policy controls, the strategic value of rare earths is being repriced by the market, making related products a key focus for capital allocation. As the market's first rare earth industry theme ETF (launched 21/2/26), the Huatai-PineBridge Rare Earth ETF (516780) has seen capital inflows for three consecutive trading days, with its latest scale reaching 3.203 billion yuan, highlighting its liquidity advantage.
In the spot market, rare earth prices have shown significant gains. As of yesterday (22/4/26), the price of praseodymium-neodymium metal rose by 5,000 yuan per ton to 1.005 million yuan per ton, praseodymium metal increased by 10,000 yuan per ton to 1.06 million yuan per ton, and praseodymium oxide climbed by 2,500 yuan per ton to 865,000 yuan per ton, with all light rare earth varieties in China strengthening. Concurrently, price adjustment moves by leading companies in the industry have further solidified expectations for price increases. Two major龙头企业 simultaneously announced hikes in associated transaction prices for rare earth concentrates on April 10th, with a remarkable quarterly环比 increase of 44.61%.
The intensive price rises in rare earths fundamentally stem from continuously tightening supply-demand structures. On one hand, China, as the core leader of the global rare earth industry chain, continues to implement export controls on related rare earth items and core technologies, reasonably guiding the global supply pace. This is compounded by受阻 development of some overseas rare earth resources and rising resource protectionism, further constraining global supply elasticity. On the other hand, as a key foundational material in high-end manufacturing, demand from downstream sectors such as the low-altitude economy, robotics, and new energy industries is steadily expanding alongside their rapid development.
Amid the main theme of strategic resource value reassessment, leading companies in the rare earth industry have demonstrated strong performance. By April 22nd, among the 43 constituent stocks of the China Securities Rare Earth Industry Index, which the Huatai-PineBridge Rare Earth ETF (516780) closely tracks, 30 had disclosed their 2025 annual reports. Of these, 22 reported positive year-on-year net profits, and 9 saw their net profits double year-on-year, indicating a significant overall improvement in the industry's profitability and further solidifying the fundamental basis of the rare earth sector.
It is reported that the China Securities Rare Earth Industry Index selects listed company securities involved in businesses related to rare earth mining, processing, trading, and application to reflect the overall performance of listed companies in the rare earth industry. Its top five constituents are China Northern Rare Earth (Group) High-Tech Co., Ltd., Goldwind Science & Technology Co., Ltd., Xiamen Tungsten Co., Ltd., China Rare Earth Holdings Limited, and GEM Co., Ltd., all of which are competitive leading enterprises within the industry.
According to the 2025 product annual report, as of December 31, 2025, the number of holder accounts for the Huatai-PineBridge Rare Earth ETF (516780) reached 60,300, making it the only rare earth theme ETF in the market at that time with over 50,000 holder accounts.
Huatai-PineBridge Fund, as one of China's first ETF managers, has been深耕 the index investment field for over 19 years, creating benchmark index tools for investors such as the Huatai-PineBridge CSI 300 ETF (510300) and the Huatai-PineBridge A500 ETF (563360), known for their transparency, convenient trading, and low fees. By the end of 2025, the ETFs under the company had generated cumulative profits exceeding 164 billion yuan for holders over the preceding two years, making it one of only four fund companies in the entire market during that period to achieve cumulative profits over 100 billion yuan. Regarding fee rates, ETFs representing 77.8% of the company's ETF scale adopt the lowest tier fee structure currently available in the market for equity index funds (management fee of 0.15% per annum + custody fee of 0.05% per annum).
Note: When subscribing for or redeeming ETF shares, subscription/redemption agent brokerages may charge a commission of up to 0.5%, which includes relevant fees charged by stock exchanges and registration institutions. Brokerage commissions for secondary market trading are subject to the standards set by the respective broker and are exempt from stamp duty. The specific subscription fee rates for the Huatai-PineBridge Rare Earth ETF Link Fund A shares are as follows: 1.2% for subscription amounts below 1 million yuan, 0.9% for amounts between 1 million yuan (inclusive) and 5 million yuan (exclusive), and a fixed fee of 1,000 yuan per subscription for amounts of 5 million yuan and above. The subscription fee rate for C shares is 0%. The specific redemption fee rates for A/C shares are: a redemption fee of 1.5% for both A and C shares if held for less than 7 days; a redemption fee of 0.1% for A shares and 0% for C shares if held for 7 days (inclusive) to 30 days (exclusive); and a redemption fee of 0% for both A and C shares if held for 30 days or more. The sales service fee for A shares is 0%, while for C shares it is 0.25% per annum. The above is extracted from the product legal documents.
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