The party continues with music and dancing! Today (January 14th), the nonferrous metals sector maintained its strong upward momentum. The sector's popular ETF—Huabao Nonferrous Metals ETF (159876)—saw its intraday gain reach 2.71%, currently up 0.81%, setting another record high! Real-time turnover reached 106 million yuan, indicating active trading.
From a technical analysis perspective, after the MACD indicator formed a golden cross, the fast line (DIF) has continued to trade above the slow line (DEA). This signals a continuation of the bullish trend, suggesting that short-term market buying forces remain dominant, with no significant weakening in the upward momentum of the stock price.
Accompanying the hot rally, capital is actively flowing in to seize opportunities! As of this writing, Huabao Nonferrous Metals ETF (159876) attracted real-time net inflows of 57.6 million units! Taking a longer-term view, it has seen continuous capital inflows over the past 10 days, accumulating a substantial 387 million yuan in total.
Regarding constituent stocks, Hunan Silver hit the daily limit-up, Gaona Aero Material rose over 9%, Silvercorp Metals gained more than 8%, while stocks like Xingye Silver & Tin and Yunnan Tin followed with increases. Among the heavyweight components, China Molybdenum rose over 2%, while Zijin Mining Group and Shandong Gold Mining advanced more than 1%.
China Galaxy Securities believes copper prices still have significant room for further upside. Firstly, although copper prices have repeatedly hit new highs, historical analysis shows that inflation-adjusted copper prices have not yet reached the peaks of previous super-cycles. Secondly, the international monetary order is being reshaped, weakening the foundation of the US dollar as an anchor for major asset prices. If gold is used as a benchmark, the current copper-to-gold ratio remains at a historically low level.
China Galaxy Securities recommends seizing the super copper cycle driven by the resonance of "AI Leap + Century-Long Changes". Reviewing history, each super copper cycle corresponds to a clear and powerful macroeconomic narrative. This current cycle is simultaneously bolstered by two long-term logics: the "AI Technology Revolution" and the "Reshaping of Global Order," with sustainability and strategic significance comparable to historical phases like post-war reconstruction and China's reform and opening-up.
China Securities Co., Ltd. (CSC) stated that strategic metals are essential for developing new quality productive forces and will "dominate the future." Faced with new waves of global technological revolution, the elemental demand structure is undergoing significant changes, ushering in a spring for strategic metal demand. New quality productive forces like new energy, new materials, and artificial intelligence are set to initiate a new cycle of demand for strategic metals. Furthermore, in an era of disorder, the security of global resource supply is under threat, driving nations and production chains to increase desired inventory levels to mitigate potential supply disruptions, with metals applicable to the military industry being particularly crucial.
From the industry's perspective, the outstanding performance of nonferrous metals is driven by a confluence of factors: the global capital expenditure cycle, manufacturing recovery, strengthening monetary attributes, and improved domestic macroeconomic expectations. The trend's persistence may far exceed market expectations. Looking ahead, a consensus is forming among institutions that the nonferrous metals sector is poised for a sustained bull run. China International Capital Corporation Limited (CICC) points out that by 2026, the nonferrous metals industry might experience a bull market fueled by the simultaneous upward momentum of monetary factors, demand, and supply. Zhongtai Securities is optimistic about a comprehensive bull market for nonferrous metals, while China Securities Co., Ltd. (CSC) believes the bull market could advance further.
[The Nonferrous Metals Trend Has Arrived, The "Super Cycle" is Unstoppable] Huabao Nonferrous Metals ETF (159876) and its feeder fund (Class A: 017140, Class C: 017141) track a benchmark index that comprehensively covers industries such as copper, aluminum, gold, rare earths, and lithium. It encompasses different phases of the economic cycle—precious metals (hedging), strategic metals (growth), and industrial metals (recovery)—enabling better capture of the sector's overall beta movements.
Risk Disclosure: Huabao Nonferrous Metals ETF and its feeder fund passively track the CSI Nonferrous Metals Index. The base date for this 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: 2020, +35.84%; 2021, +35.89%; 2022, -19.22%; 2023, -10.43%; 2024, +2.96%. The index constituents are adjusted according to its compilation rules, and its past performance does not indicate future results. The mention of index constituents herein is for illustrative purposes only; descriptions of individual stocks do not constitute investment advice in any form, nor do they 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 should be based on the selling institution's assessment. Any information appearing in this article is for reference only, and investors are solely 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 guarantee its future results, and the performance of other funds managed by the fund manager does not constitute a guarantee of this fund's performance. Invest carefully in funds.
The MACD golden cross signal has formed, and these stocks are performing well!
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