VVMX.DE is trading at €13.14 (+3.01%) as renewed strength in China’s rare-earth market tightened low-priced supply and lifted producer offers on August 20. - Large-enterprise buying increased Pr-Nd oxide inquiries; dysprosium prices continued recovering. - Largest exposures include Albemarle, Pilbara Minerals, MP Materials, Lynas Rare Earths, and China Northern Rare Earth. - The move appears sector-specific. The ETF has substantial sensitivity to lithium, rare-earth, and strategic-metals pricing, while ongoing export-control concerns supported ex-China critical-minerals prices.