Today, the rare earth ETF continued to rise for the fifth consecutive day, with an increase of 0.97% as of 11:11. Chinese rare earth and Northern rare earth stocks rose by 3.09% and 2.41% respectively. In terms of news, the Department of Industry and Information Technology and the Department of Finance of Fujian Province recently revised the "Fujian Province Rare Earth and Related Products Production and Application Incentive Measures" and jointly issued the "Fujian Province Rare Earth New Materials Production and Application Incentive Measures" to further promote the high-quality development of the rare earth new materials industry. Northern Rare Earth released the listing prices for rare earth products in April 2024 which remained unchanged from the previous month, marking the first time the listing price has remained stable after three consecutive months of declines, boosting confidence in the spot market. CITIC Securities pointed out that with improvements in consumer market orders, rare earth prices are expected to remain strong in the short term. The stabilizing of rare earth listing prices indicates an opportunity for improvement in the industry chain bottom; the Ministry of Industry and Information Technology is promoting large-scale equipment updates, benefiting rare earth magnetic materials, energy-saving motors and motors, and magnetic materials recycling enterprises.