With the regional situation warming up, the previously declining non-ferrous metal sector surged strongly today. As of 09:32, the non-ferrous ETF Huaan (512940) opened high and rose by 2.28%, with trading volume rapidly expanding. In the precious metals sector, the gold stock ETF Huaan (159321) also opened strong, once rising over 4%!
The non-ferrous ETF Huaan (512940), which tracks the CSI Non-ferrous Metal Mining Theme Index (931892), rose strongly by 2.59%. This index increased by over 104% last year, making it the &#34;top performer&#34; in the 2025 non-ferrous theme index. Component stocks such as Luoyang Molybdenum Co. rose by 6.71%, Chifeng Gold by 6.63%, and Zijin Mining by 5.59%, with other stocks like Western Mining and Jiangxi Copper also following suit.
As of March 31, the non-ferrous ETF Huaan (512940) has seen continuous net inflows of funds over the past 10 days, totaling 634 million yuan, ranking first among the same index targets!
On the news front, on April 1, the international gold market experienced a strong rebound, primarily driven by signs of easing in the Middle East geopolitical conflict, with both the U.S. and Iran expressing a willingness to cease hostilities. Coupled with the dual benefits of shifting expectations for Federal Reserve policy, this pushed gold prices into a strong rally. London spot gold successfully returned above the important threshold of 4,700 USD; COMEX gold futures also strengthened significantly during the day, with overall bullish sentiment in the precious metals market rising.
This rebound in gold prices benefited from a temporary easing of geopolitical risk aversion and a return of funds, as well as dovish signals from Federal Reserve officials that lowered the holding costs of gold. Additionally, the ongoing demand for gold purchases by global central banks provided solid bottom support for gold prices, highlighting a strong short-term bullish trend in the gold market.
Recently, the price center of non-ferrous metals such as copper and gold has continued to rise, with the supply-demand tightness remaining unchanged. Everbright Securities pointed out that copper concentrate spot procurement will still be tight in 2026, with TC spot prices hitting new lows; domestic copper social inventories continue to decline, the operating rate of cable companies is recovering, and the production of air conditioners from April to June is expected to rebound, indicating that the destocking trend is likely to continue, with a solid upward logic for copper prices.
CITIC Securities stated that with the resurgence of geopolitical conflicts, the risks associated with aluminum production capacity, shipping capabilities, and energy supply in the Middle East region have significantly increased. Future disruptions in the aluminum industry chain in the Middle East and the risk of a secondary energy crisis overseas cannot be ignored. Reviewing the energy crisis of 2021-2022, aluminum prices and the sector saw maximum increases of 60%/100%. Looking ahead, rising concerns about aluminum industry chain supply may lead to price increases exceeding previous expectations. Coupled with the strong long-term supply-demand logic in the aluminum industry, the outlook for the aluminum sector's price valuation remains optimistic.
The non-ferrous ETF Huaan (512940) closely tracks the CSI Non-ferrous Metal Mining Theme Index, which selects 40 listed companies with non-ferrous metal mineral resource reserves from the non-ferrous metal industry as index samples, reflecting the overall performance of listed companies in the non-ferrous metal mining theme
Non-ferrous ETF Huaan (512940), off-market connection (Class A: 022083; Class C: 022084).
Gold Stock ETF Huaan (159321) closely tracks the CSI SH-SZ-HK Gold Industry Equity Index, which selects 50 publicly listed companies with larger market capitalizations involved in gold mining, smelting, and sales from the mainland and Hong Kong markets as index samples, reflecting the overall performance of gold industry listed companies' securities in the mainland and Hong Kong markets.
Data source: Wind. Risk warning: The fund management company does not guarantee that this fund will definitely make a profit, nor does it guarantee a minimum return. Past performance of the fund cannot predict future returns. The operation time of funds in our country is relatively short and cannot reflect all stages of stock market development. The market has risks, and investment should be cautious, with risks borne by the investor. Investors should carefully read the &#34;Fund Contract&#34; and &#34;Prospectus&#34; and other legal documents of the fund before investing, fully understand the risk-return characteristics of the fund products, and based on understanding the product situation and listening to the suitability opinions of the sales institution, make independent decisions on fund investments according to their own risk tolerance, investment duration, and investment objectives, and choose suitable fund products

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The non-ferrous ETF Huaan (512940) has shown a clear trend of net inflow for two consecutive weeks, accumulating a total of 634 million yuan against the backdrop of capital positioning at lower levels. Benefiting from the easing situation in the Middle East and a shift in expectations regarding Federal Reserve policies, the precious metals market has rebounded strongly, with gold prices returning above 4,700 USD. Prices of non-ferrous metals such as copper and gold continue to rise, and the tight supply-demand situation remains unchanged, with the market still optimistic about the upward logic of copper prices. Both Everbright Securities and CITIC Securities have pointed out that future risks in the aluminum industry chain and energy supply need to be monitored

腾讯新闻 - 财经

Zijin Mining

SPDR Gold Shares

Abrdn Precious Metals Basket ETF Trust

Abrdn BBG All Commodity Strategy K-1 Free ETF

Huaan CSI SH-SZ-HK Gold Industry Equity ETF

Freeport Mcmoran

Penghua Guozheng Non-ferrous Metal Industry ETF

ISHRS S&P Gsci Cmdty

ISHRS MSCI Glb Slct Met & Mining

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

VanEck Junior Gold Miners ETF

Guotai CSI Non-ferrous Metal ETF

Hwabao WP CSI Non-ferrous Metal ETF

Yinhua CSI Non-ferrous Metal ETF

iShares Copper and Metals Mining ETF

Roundhill Gold Miners Weeklypay ETF

Invesco DB TR Base Metals ETF

Us Gbl GLD & Met

Invesco DB Commodity Index Tracking Fund

VanEck Gold Miners ETF

United States Copper Index

Pro Ultr GLD

China Southern CSI SWS Non-Ferrous Metal ETF

Direxion Daily Jr Gold Miners Bull 2X

Invesco Db Precious Metals ETF

JCCL

Huaan CSI Nonferrous Metal Mining ETF

Microsectors Gold Miners 3x Leveraged ETN

YieldMax Gold Miners Opt Inc Strgy ETF

Harbor Commodity All Weather Strategy ETF

Agnico Eagle Mines

GTJA Allianz SSE Bulk Commodity ETF

SPDR S&P Mtls & Mng

Abrdn Gold ETF Trust

iShares Gold Trust

SD-GOLD

Gold.com

SPDR Gold Minishares

Newmont

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

iShares MSCI Global Gold Miners

Kinross Gold

GLOBAL X Gold Explorers

Global X Copper Miners

Southern Copper

Direxion Daily Gold Miners Bull 2X

ZHONGJIN GOLD

GF CSI Rare Metals Theme ETF

Invesco Optimum Yield Div Comm Strategy K-1

The trend of capital positioning at low levels is evident, with net inflows into the non-ferrous ETF Huaan for two consecutive weeks