On February 11, over 15.1 billion yuan in main funds flowed into the nonferrous metals sector, making it the top performer among the 31 primary Shenwan industries in terms of capital attraction. Minor metals were the most favored by institutional investors, with net inflows exceeding 6.9 billion yuan by the time of reporting. Among individual stocks, China Northern Rare Earth(Group)High-Tech Co.,Ltd. attracted 2.1 billion yuan, ranking second in A-share capital inflows.
The popular nonferrous metals ETF—Hua Bao Nonferrous Metals ETF (159876)—showed strong upward momentum, with intraday gains reaching 3.35% and currently up 2.73%. The ETF recorded a trading volume of 66.18 million yuan, surpassing yesterday's full-day turnover, indicating active market participation.
Among constituent stocks, minor metals led the gains significantly. Xiamen Tungsten and Guocheng Mining rose over 8%, while Jinduicheng Molybdenum gained more than 7%. Tengyuan Cobalt advanced over 6%, followed by Huayou Cobalt, Yahua Group, and China Northern Rare Earth(Group)High-Tech Co.,Ltd.
According to Huayuan Securities, since the beginning of 2026, prices of minor metals such as rare earths, tungsten, molybdenum, tin, and antimony have all increased as of February 6. Wolframite concentrate saw the largest price surge at 47.15%, followed by ammonium paratungstate with a 45.93% increase. Prices of praseodymium-neodymium oxide and light rare earth ores also rose prominently, both exceeding 20%.
Minor metals refer to metals other than base metals and precious metals within the nonferrous metals category. They are characterized by limited reserves, scattered distribution, high extraction difficulty, and low production volume. These metals play an indispensable role in modern industry, high-tech sectors, and emerging fields.
Regarding leading gainers, Xiamen Tungsten, a leading enterprise in the tungsten industry, disclosed on the evening of February 9 that it plans to acquire a partial equity stake in Jiujiang Dadi to achieve controlling interest. Market analysts believe this move aims to enhance the company’s resource security for tungsten and molybdenum.
Guotai Haitong Securities pointed out that under the current macroeconomic environment, shifts in monetary policy, sustained central bank gold purchases, and frequent supply disruptions collectively drive metal prices. Structural demand from AI computing infrastructure, grid upgrades, and accelerated solid-state battery industrialization is further elevating the strategic value of metals such as copper, aluminum, lithium, cobalt, and rare earths, shifting them from cyclical commodities to strategic assets with systematically higher price levels.
Hua Bao Nonferrous Metals ETF (159876) and its feeder funds (Class A: 017140, Class C: 017141) track a benchmark index comprehensively covering copper, aluminum, gold, rare earths, lithium, and other subsectors. The ETF spans precious metals (hedging), strategic metals (growth), and industrial metals (recovery), enabling investors to capture beta opportunities across the sector. Additionally, the ETF is eligible for margin trading, serving as an efficient tool for exposure to the nonferrous metals sector.
Investors are reminded that recent market volatility may be significant, and short-term performance does not indicate future returns. Rational investment decisions should align with individual capital conditions and risk tolerance, with careful attention to position and risk management.
ETF fee structure: Subscription and redemption agents may charge commissions of up to 0.5%. Trading fees for on-market transactions are subject to securities firms’ actual rates. The ETF does not charge sales service fees. Feeder fund fees: For Hua Bao CSI Nonferrous Metals ETF Feeder Fund (Class A), subscription fees are 1,000 yuan per transaction for amounts over 2 million yuan (inclusive), 0.6% for 1–2 million yuan, and 1% below 1 million yuan. Redemption fees are 1.5% for holdings under 7 days and 0% for 7 days or more, with no sales service fees. For Class C shares, no subscription fees apply; redemption fees are 1.5% for holdings under 7 days and 0% for 7 days or more, with a 0.3% sales service fee.
Risk disclosure: Hua Bao Nonferrous Metals ETF and its feeder funds passively track the CSI Nonferrous Metals Index, with a base date of December 31, 2013, and launch date of July 13, 2015. The index’s performance over the past five full years is as follows: 2021: 35.89%; 2022: -19.22%; 2023: -10.43%; 2024: 2.96%; 2025: 91.67%. Index constituents are adjusted per its methodology, and past performance does not guarantee future results. Constituent stock descriptions are for illustrative purposes only and do not constitute investment advice or reflect fund holdings. The fund manager assesses this fund’s risk level as R3—medium risk, suitable for balanced (C3) or higher risk-profile investors. Suitability assessments are subject to sales institutions. All information provided is for reference only, and investors are responsible for independent investment decisions. No liability is assumed for direct or indirect losses arising from the use of this content. Fund investments carry risks; past performance does not indicate future returns, and other funds managed by the fund manager do not guarantee this fund’s performance. Invest with caution.
MACD golden cross signals have formed, indicating positive momentum for several stocks.
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