Today (January 23), the nonferrous metals sector continued its fierce upward momentum, with three stocks—Huafon Aluminium, Baiyin Nonferrous Group Co.,Ltd., and Tongling Nonferrous Metals Group—hitting the daily limit-up. The sector's popular ETF, Nonferrous Metals ETF Huabao (159876), saw its intraday gain peak at 3.55%, closing up 3.37%. The ETF broke through its previous listing high on heavy trading volume and recorded a net inflow of 55.20 million shares for the entire day.
Geopolitical risks remain volatile; the Greenland issue is not fully resolved, and new tensions may arise from Iran, which has heightened risk aversion and propelled gold prices to continuously set new records. International gold prices surged significantly, with spot gold breaking through the $4,950 per ounce mark, setting a new all-time high. Several well-known domestic gold jewelry brands have updated their prices to 1,500 yuan per gram. Dongfang Jincheng believes that, from a medium to long-term perspective, the logic for gold's rise remains solid: first, U.S. fiscal risks will continue to be a major support for gold prices; second, strong gold allocation intentions from global central banks remain a core factor influencing prices; third, the U.S. is still within an interest rate cut cycle in 2026; fourth, escalating global geopolitical risks are increasing market demand for safe-haven assets.* Looking ahead, Guoxin Futures pointed out that the strong performance of nonferrous metals stems from the combined effects of macro-financial policies and structural changes in supply and demand. Particularly with the rise of new demand from sectors like AI and new energy, coupled with domestic policies aimed at curbing "internal competition" to standardize industry practices, nonferrous metals are leading the 31 primary A-share sub-sectors, driven by rigid supply constraints and elastic demand stimulation, and are expected to maintain their impressive performance in the future.* [The Nonferrous Metals Trend Has Arrived, An "Unstoppable Super Cycle"] Nonferrous Metals ETF Huabao (159876) and its feeder fund (Class A: 017140, Class C: 017141) track an index that comprehensively covers industries such as copper, aluminum, gold, rare earths, and lithium. It spans different cyclical phases, including precious metals (safe-haven), strategic metals (growth), and industrial metals (recovery), providing broad exposure to capture the beta performance of the entire sector.
*Institutional views are referenced from: ① Opinions by Qu Rui, Senior Associate Director of the Research and Development Department at Dongfang Jincheng, on January 21, 2026, as detailed in the Global Times Finance article "COMEX Gold Futures Break Through $4,800/oz, Risk Aversion Becomes Main Driver"; ② Guoxin Futures report "Copper: Historically Breaks Through the 100,000 Mark! Upward Trend for New Highs Remains Unchanged" released on December 29, 2025. Risk Warning: Nonferrous Metals ETF Huabao and its feeder fund passively track the CSI Nonferrous Metals Index. The index's base date is December 31, 2013, and it was published on July 13, 2015. The index's performance over the past five full years is: 2020, +35.84%; 2021, +35.89%; 2022, -19.22%; 2023, -10.43%; 2024, +2.96%. The index's constituent stocks are adjusted according to its compilation rules, and its past performance does not indicate future results. The index constituents mentioned herein are for illustrative purposes only; individual stock descriptions 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 level as R3-Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. Suitability matching opinions should be based on the sales institution. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, and any form of expression) is for reference only, and investors are responsible for any independent investment decisions. Furthermore, any views, analyses, or forecasts in this article do not constitute investment advice of any kind to the reader, and no responsibility is accepted for any direct or indirect losses resulting from the use of this content. Fund investment carries risks; past performance of a fund does not indicate its future results, and the performance of other funds managed by the fund manager does not guarantee the performance of this fund. Invest with caution.
MACD golden cross signals have formed, and these stocks are performing well!
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