Today (December 30th), the ChinaAMC Nonferrous Metals ETF (159876), which encompasses leading companies in the nonferrous metals sector, demonstrated remarkable resilience. Its on-market price quickly recovered from an initial 2% drop at the open to trade in positive territory, currently up 0.52%. Notably, as of this writing, the ETF has attracted a real-time net inflow of 28.8 million shares, following a substantial capital injection of 15.36 million yuan yesterday, reflecting strong investor confidence in the sector's future performance and active positioning.
Among its constituent stocks, Tianshan Aluminum and Yunnan Aluminum led the gains, rising over 4%. Jiangxi Copper, Aluminum Corporation of China (Chalco), China Molybdenum, and Shenhuo Group also advanced more than 2%, with Xiamen Tungsten, Huayou Cobalt, and other stocks following suit.
On the news front, on December 29th, the CME Group announced a comprehensive increase in trading margins for various metal futures, including gold, silver, palladium, and lithium, effective after the close of trading on Monday local time. Specifically, margins for gold futures were raised by 10%, silver futures by approximately 13.6%, and platinum by around 23%. This move triggered multiple rounds of declines in international metal futures prices. Looking back since the second half of the year, the metals market has generally been on an upward trajectory. Precious metals, energy metals, and industrial metals have been the standout performers. Despite the recent sharp corrections, has the fundamental logic for the metals rally changed? Looking ahead to 2026, industry views converge on a consensus: the nonferrous metals sector is entering a new bull market pattern. This new phase is characterized by robust demand driven by "New Quality Productivity," long-term supply constraints, and diversified driving factors. China Securities (CSC) clearly points out that the terminal demand in the 2006 bull market was primarily directed towards "real estate and infrastructure." In contrast, the current bull run's demand is firmly anchored in "New Quality Productivity." The foundation of this so-called "New Quality Productivity Bull Market" lies in the rapid rise of China's industries and their comparative advantages globally. It no longer relies solely on massive traditional infrastructure investment but is deeply integrated with the global energy transition, technological revolution, and industrial upgrading. Emerging fields such as new energy, new materials, artificial intelligence (AI), and military aerospace have become the core drivers of demand growth in this cycle, acting as crucial catalysts for the nonferrous metals bull market. [The Nonferrous Metals Opportunity Has Arrived, An "Unstoppable Super Cycle"] Different nonferrous metals exhibit varying levels of prosperity, timing, and driving factors, making divergence inevitable. For those bullish on the sector, a relatively straightforward approach to capture the broader beta of the entire industry is through comprehensive exposure. The ChinaAMC Nonferrous Metals ETF (159876) and its feeder fund (Class A: 017140, Class C: 017141), which hold leading companies across the industry, track an index that provides broad coverage of sectors like copper, aluminum, gold, rare earths, and lithium. Compared to investing in a single metal sector, this offers risk diversification and is suitable as a component within an investment portfolio.
Risk Disclosure: The Nonferrous Metals Leaders ETF and its feeder fund passively track the CSI Nonferrous Metals Index. The base date of this index is December 31, 2013, and it was published on July 13, 2015. The index's performance over the last five complete calendar years is as follows: 2020, +35.84%; 2021, +35.89%; 2022, -19.22%; 2023, -10.43%; 2024, +2.96%. The composition of the index's constituent stocks is adjusted according to its compilation rules, and its past performance does not indicate its future results. The mention of constituent stocks herein is for illustrative purposes only; descriptions of individual stocks are not investment advice in any form and do not represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses this fund's risk level as R3-Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. Suitability matching opinions should be based on the selling institution's assessment. All information appearing in this article (including but not limited to stocks, commentary, forecasts, charts, indicators, theories, and any form of expression) is for reference only. Investors are solely responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts in this article do not constitute investment advice of any kind to the reader, and no responsibility is accepted for any direct or indirect losses arising from the use of the content herein. Fund investment carries risks. The past performance of a fund is not indicative of its future results. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest carefully in funds.
MACD golden cross signals have formed, and these stocks are performing well!
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