The party continues! On January 9th, the on-market price of Huabao Nonferrous Metals ETF (159876) surged 3.33% intraday, once again hitting a record high! As of this writing, it attracted a real-time net inflow of 52.8 million units, following a cumulative capital inflow of 279 million yuan over the previous 10 days, as funds poured in alongside the sizzling market momentum.
Among the constituent stocks, concept stocks providing nonferrous metals for commercial aerospace led the gains significantly. Yunnan Chihong Zinc & Germanium hit the daily limit up, Xiamen Tungsten rose over 9%, and Chihong Zinc & Germanium climbed more than 7%. Stocks like Hailiang Co., Ltd. and Western Superconducting followed the upward trend. For the heavyweight components, China Molybdenum surged over 4%, while Zijin Mining Group and Shandong Gold Mining advanced more than 3%. Aluminum Corporation of China and China Northern Rare Earth gained over 2%.
On the news front, the People's Bank of China has increased its gold reserves for the 14th consecutive month. Guojin Securities pointed out that the core supporting logic—global stagflation, chaotic world order, and the monetization of the US fiscal deficit—remains unchanged. Looking ahead to 2026, the foundation for the gold bull market is still solid, the upward trend persists, and it is expected to spill over into related nonferrous and strategic metals. Overseas, this Friday (January 9th, 21:30 Beijing Time), the US Bureau of Labor Statistics will release the December Non-Farm Payrolls report. China Securities Co., Ltd. Futures stated that the Federal Reserve's monetary policy in 2026 is expected to be dovish, with a high probability of further gradual interest rate cuts, providing a generally favorable environment for the nonferrous metals market. Orient Securities noted that during the Fed's rate-cutting cycle, physical assets with tight supply and demand can exhibit significant price elasticity even from relatively small supply-demand gaps. Under this rate-cutting cycle, a super-cycle for industrial metals, represented by copper and aluminum, may have already arrived. Guolian MinSheng Securities believes that the continuation of the US rate-cutting cycle and continued loose liquidity will benefit nonferrous metals prices. Supply-side constraints remain unresolved, with numerous mine production cuts and shutdowns occurring. On the demand side, traditional industries show strong resilience amid the global easing cycle, coupled with the rapid emergence of new sectors. As one wave subsides, another rises, with demand from AI and energy storage still in its early stages. The price center for nonferrous metals is expected to accelerate upwards. [The Nonferrous Metals Trend Has Arrived, The "Super Cycle" is Unstoppable] Huabao Nonferrous Metals ETF (159876) and its feeder fund (Class A: 017140, Class C: 017141) track an index that comprehensively covers sectors including copper, aluminum, gold, rare earths, and lithium. It spans different cyclical phases: precious metals (safe-haven), strategic metals (growth), and industrial metals (recovery). This full-category coverage allows for better capture of the beta performance of the entire sector.
Risk Warning: The Nonferrous Metals Leader ETF and its feeder fund passively track the CSI Nonferrous Metals Index. The base date for this index is December 31, 2013, and it was launched on July 13, 2015. The index's performance over the last five complete 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 constituent stocks mentioned herein are 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. The appropriateness matching opinion should be based on 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 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 taken for any direct or indirect losses resulting from the use of this content. Fund investment carries risks. The past performance of a fund does not indicate its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest cautiously in funds.
MACD golden cross signals have formed, and these stocks are performing well!
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