Buoyed by spot gold reclaiming the $5,000 level, the Nonferrous Metals ETF (159876), which aggregates leading companies in the sector, was active at high levels throughout the trading session today (February 9). Its intraday price surged 2.5%, closing up 2.07%. Among its constituent stocks, Shenghe Resources Holding Co.,Ltd. and Hunan Silver hit the daily limit-up, Silver Corp surged over 8%, China Rare Earth gained more than 6%, with Northern Rare Earth and China Rare Metals & Minerals also advancing.
Internationally, further signs of cooling are emerging in the US labor market. Job openings in the US for December 2025 fell to 6.542 million, the lowest level in over five years, significantly below market expectations of 7.25 million. San Francisco Fed President Mary Daly suggested that the Federal Reserve might need to implement one or two more interest rate cuts to address weakness in the US labor market.
Domestically, the People's Bank of China has been increasing its gold reserves for 15 consecutive months, reflecting a global trend of central banks gradually raising their gold allocation. Data released by the PBOC on February 7 showed China's gold reserves stood at 74.19 million ounces at the end of January 2026, compared to 74.15 million ounces at the end of December 2025. Guojin Securities noted that central bank gold purchasing demand will serve as a significant support for gold prices.
On the industry front, rare earth prices continue their upward trend. On February 6, domestic light rare earth market prices rose, with praseodymium-neodymium metal prices increasing by 5,000 yuan per tonne to 925,000 yuan/tonne, and praseodymium-neodymium oxide prices rising by 7,500 yuan per tonne to 752,500 yuan/tonne. The sustained price increase is driven by market expectations of ongoing supply tightness and growing demand from emerging sectors, which may support profitability across the industry chain.
China International Capital Corporation (CICC) stated that the rigid demand driven by AI computing expansion and energy transition, alongside structural supply-demand gaps for certain commodities, has not fundamentally changed. The thematic rally in commodities may not be over yet. Following the release of short-term sentiment and a significant decrease in trading congestion, the rally in related resource stocks is not finished and is expected to resume its upward trend after a short-term adjustment.
The 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, 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 movements. Furthermore, this ETF is a margin trading security, making it an efficient tool for gaining exposure to the nonferrous metals sector.
Investors should note that recent market volatility may be significant, and short-term gains or losses are not indicative of future performance. It is essential to invest rationally based on individual financial circumstances and risk tolerance, paying close attention to position sizing and risk management.
Regarding fees for the ETF: Subscription and redemption agents may charge a commission of up to 0.5% when investors subscribe for or redeem fund units. Trading fees for on-exchange transactions are subject to the rates charged by the securities firm. The ETF does not charge a sales service fee. For the feeder fund: The subscription fee rate for the Class A shares is 1% for amounts below 1 million yuan, 0.6% for amounts between 1 million (inclusive) and 2 million yuan, and a flat fee of 1,000 yuan per transaction for amounts of 2 million yuan (inclusive) and above. The redemption fee rate 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 Class C shares, no subscription fee is charged. The redemption fee rate is 1.5% for holdings under 7 days and 0% for holdings of 7 days (inclusive) or more. A sales service fee of 0.3% is charged.
Risk提示: The Nonferrous Metals ETF and its feeder fund passively track the CSI Nonferrous Metals Index. The base date for the 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: 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, and its past performance does not indicate future results. The mention of individual stocks herein is for illustrative purposes only and does not constitute investment advice in any form, nor does it represent the holdings or trading动向 of any fund managed by the management company. The fund manager assesses this fund's risk等级 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 is for reference only, and investors are responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any kind to the reader, and no liability is accepted for any direct or indirect losses arising from the use of this content. Fund investment carries risks; past performance of a fund does not indicate its future performance, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investment should be approached with caution.
A bullish MACD crossover signal has formed, indicating positive momentum for these stocks.
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