As the Middle East conflict has now lasted for over a month, disruptions have emerged in the aluminum industry. FuGO有色ETF (159168) opened sharply higher, surging more than 5%, with its latest gain at 4.64%.
Among the underlying index constituents, Xingye Silver & Tin hit the 10% daily limit up, while Western Mining, JCHX Mining, and CMOC Group rose over 7%. Stocks such as Pangang Group Vanadium & Titanium, Tongling Nonferrous Metals, China Tungsten High-tech, and Yunnan Aluminium also followed the upward trend, with all 30 index constituents trading in positive territory.
Research institutions suggest that aluminum supply losses caused by the Middle East conflict may persist until 2026. Restarting affected operations, which account for approximately 4% of global supply, could take up to 12 months, posing upside risks to aluminum prices in 2026. Additionally, as physical metal markets tighten, regional premiums in Japan, Europe, and the United States are rising relative to the London benchmark price.
Investors interested in the nonferrous metals sector may consider FuGO有色ETF (159168), managed by Fullgoal Fund. This product closely tracks the CSI Industrial Nonferrous Metals Index (H11059.CSI), which strictly selects 30 large-cap listed companies involved in industrial metals such as copper, aluminum, rare earths, lead-zinc, and tungsten-molybdenum. The combined weighting of copper and aluminum sectors exceeds 50%, highlighting the core focus of the index and positioning it to benefit significantly from rising copper and aluminum prices.
The MACD golden cross signal has formed, indicating positive momentum for these stocks.
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