Today (October 29), the Nonferrous Metals Leaders ETF (159876), which tracks top players in the nonferrous metals sector, surged impressively with an intraday gain of 2.17%, currently up 1.95%. Notably, data from the Shenzhen Stock Exchange revealed that the ETF attracted a single-day inflow of 11.67 million yuan yesterday, suggesting potential capital deployment ahead of a rebound.
As of October 28, the ETF’s latest AUM stood at 544 million yuan, making it the largest among three products tracking the same index.
Among its constituents, Western Superconducting Technologies Co., Ltd. (688122) led gains, soaring over 10% to a record high. Other notable performers included Xiamen Tungsten Co., Ltd., Huaxi Nonferrous Metals Co., Ltd., Huayu Mining Co., Ltd., Jiangxi Copper Co., Ltd., and Aluminum Corporation of China (Chalco), all rising more than 4%. Shandong Gold Mining Co., Ltd. and Shenzhen Chengxin Lithium Group Co., Ltd. also advanced.
Western Superconducting’s rally reflects dual catalysts: policy tailwinds and demand growth. On the policy front, China’s strategic plans emphasize superconducting materials for nuclear fusion and smart grid applications. Demand-wise, global nuclear fusion projects are accelerating, while domestic ultra-high-voltage power transmission projects drive demand for low-loss cables. The commercialization of maglev systems (e.g., Shanghai and Changsha lines) further propels adoption, marking a transition from niche to broad-based applications.
In the tungsten market, prices for key products have doubled this year. Industry experts highlight tungsten’s rising strategic value and expanding demand, particularly from solar PV. The shift toward larger, thinner silicon wafers favors tungsten wire over steel due to its superior diameter consistency, durability, and stability, boosting penetration rates.
Meanwhile, lithium battery supply chain output rose in October, with lithium hexafluorophosphate prices jumping nearly 60% in just over two weeks. Tianfeng Securities attributes this rebound to demand-supply synergy: robust energy storage demand exceeds expectations, while supply constraints and cost pressures solidify. These dynamics suggest lithium prices have bottomed, with clear upside momentum.
With the Fed’s October FOMC meeting nearing, markets anticipate rate cuts. Huafu Securities notes a weakening USD trend and expanding domestic monetary policy flexibility, reinforcing upward momentum for industrial metals. Dongxing Securities projects that 2025’s global liquidity shift will drive metals into an "active restocking + supply rigidity" phase, boosting profit potential for copper and aluminum.
**The "Metal Heart" of Future Industries, the "Golden Blood" of Modern Manufacturing** Given divergent drivers across nonferrous metals, a diversified approach via ETFs like Nonferrous Metals Leaders ETF (159876) and its feeder funds (Class A: 017140; Class C: 017141) offers balanced exposure. The underlying CSI Nonferrous Metals Index allocates 27.6% to copper, 14.5% to gold, 13.1% to aluminum, 10.4% to rare earths, and 8.4% to lithium, mitigating single-commodity risks.
*Risk Disclosure: The ETF tracks the CSI Nonferrous Metals Index (base date: Dec 31, 2013; launch date: Jul 13, 2015). Past annual returns: +35.84% (2020), +35.89% (2021), -19.22% (2022), -10.43% (2023), +2.96% (2024). Constituent changes reflect index rules; historical performance ≠ future results. Stock mentions are illustrative, not investment advice or fund holdings. The fund carries R3-medium risk, suitable for balanced (C3) or higher-risk investors. Investment decisions bear individual responsibility. Views herein entail no liability for losses. Fund performance is not guaranteed.*
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