The nonferrous metals sector continued its strong performance today (February 24), with the Nonferrous Metals ETF (159876), which aggregates leading companies in the industry, surging over 3.6% during intraday trading and currently up 3.44%. Notably, as of the latest update, the ETF recorded a net subscription of 7.2 million shares, indicating strong investor confidence in the sector's future prospects and active positioning.
Among the constituent stocks, Hunan Silver Co.,Ltd. hit the daily limit up, while Silver Nonferrous Metals gained over 9%. Xingye Silver & Tin and Hunan Gold rose more than 6%, followed by advances in Tongling Nonferrous Metals, Shenxin Lithium Energy, Chifeng Gold, Western Gold, and others.
During the Spring Festival period, spot gold returned to $5,200 per ounce. International gold prices broke through the $5,200 mark on Monday, reaching their highest level in three weeks. Market sentiment was influenced by uncertainties in U.S. trade policies and economic outlook, which fueled investor concerns. A decline in the U.S. dollar index, coupled with ongoing uncertainties in U.S.-Iran negotiations and Russia-Ukraine peace talks, bolstered demand for safe-haven assets like gold and silver.
Renowned economist Peter Schiff predicted that gold prices could surge to $7,000, potentially replacing the U.S. dollar as a new anchor asset. He attributed this trend to central banks increasing gold reserves and expanding U.S. fiscal deficits. Schiff suggested that soaring gold prices signal a compounded crisis for the U.S., surpassing the 2008 financial meltdown, driven by intertwined sovereign credit, U.S. Treasury, and dollar crises. Additionally, he expressed concerns that the new Federal Reserve chair might become overly influenced by political pressures, advising investors to continue increasing their holdings in gold and silver.
Looking ahead, can nonferrous metals sustain their upward trajectory? China International Capital Corporation (CICC) believes that despite short-term sentiment fluctuations and reduced trading congestion, the rally in resource stocks is not over. After a brief correction, mid-term growth momentum is expected to resume. Huatai Securities emphasized that the long-term macroeconomic rationale for nonferrous metals remains intact, reinforcing its strategic appeal and expressing firm optimism about the sector's future performance.
[Nonferrous Metals Sector Gains Momentum, "Super Cycle" Appears Unstoppable]
The Nonferrous Metals ETF Hua Bao (159876) and its feeder funds (Class A: 017140, Class C: 017141) track a comprehensive index covering copper, aluminum, gold, rare earths, lithium, and other sub-sectors. This diversified exposure spans precious metals (safe-haven), strategic metals (growth), and industrial metals (recovery), enabling investors to capture broader sector beta trends. Moreover, the ETF is eligible for margin trading, offering an efficient tool for one-stop exposure to the nonferrous metals sector.
Investors are reminded that recent market volatility may be elevated, and short-term price movements do not guarantee future performance. It is essential to invest prudently based on individual financial circumstances and risk tolerance, with careful attention to position sizing and risk management.
ETF Fee Information: Brokerages may charge a commission of up to 0.5% for subscribing or redeeming fund units. On-market trading fees are subject to the rates set by securities firms. The ETF does not levy a sales service fee.
Feeder Fund Fee Details: The Hua Bao CSI Nonferrous Metals ETF Feeder Fund (Class A) applies a subscription fee of 1% for amounts below RMB 1 million, 0.6% for RMB 1–2 million, and a flat fee of RMB 1,000 for subscriptions of RMB 2 million or above. Redemption fees are 1.5% for holdings under seven days and 0% thereafter, with no sales service fee. The Class C feeder fund does not charge a subscription fee; redemption fees are 1.5% for holdings under seven days and 0% afterward, with a 0.3% sales service fee.
Risk Disclosure: The Nonferrous Metals ETF Hua Bao passively tracks the CSI Nonferrous Metals Index, which has a base date of December 31, 2013, and 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%. Constituent stocks are adjusted per the index methodology, and past performance does not indicate future results. Constituent stock mentions are for illustrative purposes only and do not constitute investment advice or reflect the fund manager's holdings or trading activities. The fund manager assesses this fund's risk level as R3-Medium, suitable for balanced (C3) and higher risk-profile investors. Suitability assessments are determined by sales institutions. All information provided is for reference only, and investors are solely responsible for their investment decisions. Views, analyses, and forecasts herein do not constitute investment advice, and no liability is accepted for direct or indirect losses resulting from the use of this content. Fund investments carry risks; past performance does not guarantee future results, and the performance of other funds managed by the same manager does not ensure this fund's performance. Invest with caution.
MACD golden cross signals have formed, indicating positive momentum for several stocks.
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