After a brief pause, the nonferrous metals sector resumed its upward momentum. On February 27, the Nonferrous Metals ETF (159876), which aggregates leading companies in the industry, saw its on-exchange price surge by 2.16%, attracting a net real-time subscription of 4.8 million units.
Among the constituent stocks, leaders in minor metals notably led the gains.
On the news front, the White House plans to use an AI model developed by the U.S. Department of Defense to set reference prices for global critical mineral trade, starting with germanium, gallium, antimony, and tungsten. This development has heightened market expectations regarding the scarcity and pricing power of these strategic metals. Coupled with tight supply of tungsten raw materials, tungsten prices have frequently reached new record highs. After a 217.69% gain in 2025, wolframite concentrate has surged another 66.37% so far in 2026.
Industry insiders point out that factors such as the impact of U.S. AI pricing policies, tight tungsten raw material supply, continuously rising tungsten prices, and significant capital inflows are driving the sustained rise in the minor metals sector.
Guosen Securities believes that critical minerals have become a key focus for many countries, primarily due to supply chain security concerns. In this context, the resource attributes of critical minerals will become increasingly prominent, making prices prone to rise rather than fall. Companies controlling critical minerals warrant significant allocation.
In its 2026 outlook, Tianfeng Securities suggests that uncertainty and accommodative liquidity are expected to support both structural and cyclical demand for gold, creating a synergistic boost for gold prices. As essential raw materials supporting manufacturing upgrades, strategic minerals' strategic and economic value will gradually gain market recognition.
[The Nonferrous Metals Wave Has Arrived; A "Super Cycle" Appears Unstoppable]
The underlying index of HuaBao Nonferrous Metals ETF (159876) and its feeder fund (Class A: 017140, Class C: 017141) comprehensively covers sectors like copper, aluminum, gold, rare earths, and lithium, spanning different cycles such as precious metals (hedge), strategic metals (growth), and industrial metals (recovery). This broad coverage allows for better capture of the sector's beta trends. Furthermore, this ETF is a margin trading security, making it an efficient tool for a one-click allocation to the nonferrous metals sector.
Reminder: Recent market volatility may be significant. Short-term gains or losses do not indicate future performance. Investors must make rational investment decisions based on their own financial situation and risk tolerance, paying close attention to position and risk management.
ETF Fee Information: When subscribing for or redeeming fund units, subscription/redemption agents may charge a commission of up to 0.5%. On-exchange trading fees are subject to the rates charged by the securities firm. The ETF does not charge a sales service fee.
Feeder Fund Fee Information: For the HuaBao CSI Nonferrous Metals ETF Feeder Fund (Class A), the subscription fee is 1,000 RMB per transaction for amounts of 2 million RMB (inclusive) or more, 0.6% for amounts between 1 million RMB (inclusive) and 2 million RMB, and 1% for amounts below 1 million RMB. The redemption fee is 1.5% for holdings under 7 days and 0% for holdings of 7 days (inclusive) or more. No sales service fee is charged. For the HuaBao CSI Nonferrous Metals ETF Feeder Fund (Class C), no subscription fee is charged. The redemption fee is 1.5% for holdings under 7 days and 0% for holdings of 7 days (inclusive) or more. The sales service fee is 0.3%.
Risk Disclosure: The HuaBao Nonferrous Metals ETF passively tracks the CSI Nonferrous Metals Index. The index base date is December 31, 2013, and it was launched on 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%. The index's constituent stocks are adjusted according to its compilation rules. Its past performance does not indicate future results. The mention of index constituents herein is for illustrative purposes only; descriptions of individual stocks are not investment advice of 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 rating as R3-Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. Suitability matching opinions are subject to the selling institution. Any information appearing in this article (including but not limited to individual 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 herein do not constitute investment advice of any kind for readers, and no responsibility is accepted for any direct or indirect losses resulting from the use of this content. Fund investment carries risks. A fund's past performance does not guarantee its future results. The performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Invest in funds with caution.
The MACD golden cross signal has formed, indicating positive momentum for these stocks.
Comments