On October 20-22, by the banks of Shanghai's Huangpu River, the 2026 Sustainable Global Leaders Conference returns. Nobel and Turing Award winners will share their visions of the future of technology and trends, and the internet-famous professors who "rescue" people from anxiety and the era of involution—Macfarlane and Xiang Biao—will hold a live dialogue!
Limited seats available, first come first served. Let us join together for the sustainability commitment! [Click to register] or due to upbeat third-quarter earnings forecasts, today (October 13), China Northern Rare Earth (Group) High-Tech Co., Ltd. (ASX: 600111) rose more than 3%, Shenhuo Coal & Power gained over 1%, in addition, Yunnan Germanium led gains surging over 6%, while Yunnan Aluminium, Shandong Gold International, Jinduicheng Molybdenum, and Chifeng Gold all rose more than 2% together.
The nonferrous metals sector outperformed the market today, attracting net inflows of more than 3.3 billion yuan from main funds, and the Nonferrous Metals ETF Huabao (159876), which captures leaders across the nonferrous metals industry, saw its tracked index probe 1.4% higher during intraday trading before closing up 0.48%. The index has now fallen back to its November last year level, highlighting its allocation cost-effectiveness. The ETF recorded a full-day turnover of 100 million yuan, up 18% quarter-on-quarter, with robust trading activity! Chart: Nonferrous Metals ETF Huabao (159876) Top 10 Constituent Stock Gainers
On the fundamental front, on the evening of October 12, China Northern Rare Earth (Group) High-Tech Co., Ltd. (ASX: 600111) and Shenhuo Coal & Power both disclosed their third-quarter earnings forecasts: 1. Rare earth leader China Northern Rare Earth (Group) High-Tech Co., Ltd. (ASX: 600111) is expected to achieve net profit attributable to shareholders of 3.62 billion yuan to 3.68 billion yuan, representing year-on-year growth of 134.95% to 138.84%. During the reporting period, affected by supply constraints on the raw material side, combined with demand release from downstream sectors such as new energy and high-end equipment, major rare earth product prices overall showed a high-level oscillation trend. 2. Aluminum industry leader Shenhuo Coal & Power is expected to achieve net profit attributable to shareholders of 7.4 billion yuan, representing year-on-year growth of 112.05%. During the reporting period, driven by year-on-year increases in electrolytic aluminum and coal product selling prices, along with year-on-year declines in the price of major raw material alumina, the company's profitability strengthened significantly.
It is worth noting that both China Northern Rare Earth (Group) High-Tech Co., Ltd. (ASX: 600111) and Shenhuo Coal & Power are constituent stocks of the Nonferrous Metals ETF Huabao (159876). According to 2026 interim report results, all 60 constituent stocks of the ETF achieved profitability, with nearly half of the constituents (28 stocks) posting year-on-year net profit growth exceeding 100%. As a direction with strong fundamentals, as third-quarter earnings forecasts are gradually disclosed, nonferrous metals are attracting widespread market attention.
At the industry level, on the evening of October 9, two major rare earth leaders—Baotou Steel and China Northern Rare Earth (Group) High-Tech Co., Ltd. (ASX: 600111)—both announced upward adjustments to their fourth-quarter price quotes. China Northern Rare Earth (Group) High-Tech Co., Ltd. (ASX: 600111) stated that against the backdrop of global carbon neutrality, the vigorous development of the new energy industry and technological innovation has brought new development opportunities for rare earths as a key element of new quality productive forces. In the medium term, the supply landscape of the rare earth industry will remain orderly and controllable, with prices expected to operate steadily overall. In the long term, as incremental demand from new energy, high-end equipment, humanoid robots, and other sectors continues to be released and develops steadily, rare earth prices may receive strong support.
Huabao Fund stated that expectations for moderate Federal Reserve rate hikes remain unchanged, and it is bullish on the medium-to-long-term allocation value of nonferrous metals. In the medium-to-long term, the verifiability of copper and aluminum supply-demand tightness is relatively high, the long-term logic for precious metals remains strong, and pullbacks in minor metals are mostly due to crowding and beta release rather than a breakdown in industrial logic. Due to macroeconomic disturbances, the nonferrous metals sector has currently fallen back to its November last year level, offering relatively high allocation cost-effectiveness. Combined with multiple advantages such as tight supply-demand and AI-driven demand, once the 10-year real interest rate expectations peak, a right-side recovery is expected. Strategically, it is suggested to build positions in batches on dips to capture the medium-to-long-term allocation value of the sector.
In the era of computing power, nonferrous metals lay the foundation! Focus on metal demand behind technological development! The Nonferrous Metals ETF Huabao (159876) and its feeder funds (Class A: 017140, Class C: 017141) comprehensively cover industry leaders in copper, aluminum, rare earth, gold, lithium, tungsten, molybdenum, tin, and other sectors, with heavyweight holdings including Zijin Mining, China Molybdenum, China Northern Rare Earth (Group) High-Tech Co., Ltd. (ASX: 600111), Aluminum Corporation of China, and others. According to 2026 interim report results, all 60 constituent stocks achieved profitability, with nearly half of the constituents posting year-on-year net profit growth exceeding 100%, providing solid support from strong fundamentals. Moreover, the number of constituent stocks is significantly higher than similar nonferrous metal indices (30-50 stocks), enabling better coverage of the semiconductor and new materials direction. For investors bullish on both technology and nonferrous metals, this ETF is an efficient tool for one-click allocation to the nonferrous metals industry and capturing sector beta trends.
Source: Shanghai and Shenzhen Stock Exchanges, etc., as of October 13, 2026. ETF fee disclosure: When investors subscribe or redeem fund shares, the subscription and redemption agency may charge a commission of no more than 0.5%. On-exchange trading fees are subject to actual charges by securities companies. ETFs do not charge sales service fees. Feeder fund fee disclosure: For Huabao CSI Nonferrous Metals ETF Initiating Feeder Fund (Class A), the subscription fee rate is 1,000 yuan per transaction for subscription amounts of 2 million yuan (inclusive) or more, 0.6% for 1 million yuan (inclusive) to 2 million yuan, and 1% for amounts below 1 million yuan; the redemption fee rate is 1.5% for holding periods of less than 7 days and 0% for holding periods of 7 days (inclusive) or more, with no sales service fee charged. For Huabao CSI Nonferrous Metals ETF Initiating Feeder Fund (Class C), no subscription fee is charged, the redemption fee rate is 1.5% for holding periods of less than 7 days and 0% for holding periods of 7 days (inclusive) or more; the sales service fee is 0.3%.
Risk disclosure: Nonferrous Metals ETF Huabao passively tracks the CSI Nonferrous Metals Index, which has a base date of December 31, 2013, and was published on July 13, 2015. The constituent stock composition of the index is adjusted in due course according to the index compilation rules, and its backtested historical performance does not predict future index performance. The risk rating of the fund as assessed by the fund manager is R3-Medium Risk, suitable for investors with balanced (C3) or above risk profiles. The suitability matching opinion shall be subject to 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 must be responsible for any investment decisions they make independently. In addition, any views, analyses, and forecasts in this article do not constitute any form of investment advice to readers, nor do they bear any responsibility for direct or indirect losses caused by the use of the content herein. Fund investment involves risks, past performance of a fund does not represent its future performance, and the performance of other funds managed by the fund manager does not constitute a guarantee of fund performance. Fund investment requires caution. MACD golden cross signals have formed, and these stocks are performing well!
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