--- title: "The industrial metals ETF Penghua rose over 1.2%, as disruptions in Middle Eastern electrolytic aluminum supply exceeded expectations" type: "News" locale: "en" url: "https://longbridge.com/en/news/281834416.md" description: "The supply of electrolytic aluminum in the Middle East has been significantly disrupted due to the US-Iran conflict, with aluminum industrial facilities in the UAE being attacked, leading to the shutdown of the EGA Tiwala smelter, which is expected to take 12 months to resume production. The total reduction in output reaches 2.17 million tons, accounting for 2.89% of the global supply. In the context of a peak consumption season and inventory destocking, electrolytic aluminum has become a popular industrial metal. The industrial non-ferrous ETF Penghua rose by 1.21%, and the CSI Industrial Non-Ferrous Metals Theme Index increased by 1.47%" datetime: "2026-04-07T05:54:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/281834416.md) - [en](https://longbridge.com/en/news/281834416.md) - [zh-HK](https://longbridge.com/zh-HK/news/281834416.md) --- # The industrial metals ETF Penghua rose over 1.2%, as disruptions in Middle Eastern electrolytic aluminum supply exceeded expectations The conflict between the U.S. and Iran continues to escalate, significantly disrupting the supply of electrolytic aluminum in the Middle East beyond market expectations. On April 4, the Iranian military reported that it had targeted multiple U.S. military sites in Gulf countries, including Kuwait, using drones. The report also mentioned that the targets included aluminum industrial facilities in the UAE. CITIC Construction Investment Securities pointed out that the EGA's Tiwila smelter in the UAE was forced to halt production entirely due to missile attacks, with a production capacity of 1.6 million tons in 2025. A preliminary assessment suggests that full resumption of production may take up to 12 months. Additionally, Qatar Energy has reduced production by 265,000 tons, and Bahrain Aluminum has cut production by 300,000 tons, confirming a total production cut capacity of 2.17 million tons (accounting for 2.89% of the global supply), while the market has not fully priced in this supply gap. Against the backdrop of the traditional consumption peak season and accelerated domestic inventory depletion, electrolytic aluminum is becoming an industrial metal with offensive attributes. As of April 7, 2026, at 13:41, the CSI Industrial Nonferrous Metals Theme Index (H11059) surged by 1.47%. Component stocks such as Tianshan Aluminum rose by 5.09%, Shenhuo Co., Ltd. increased by 4.03%, and Electric Power Investment Energy went up by 4.02%, with stocks like Zhongtung High-tech and Northern Rare Earth also following suit. The Industrial Nonferrous ETF Penghua (159162) rose by 1.21%, with the latest price reported at 0.84 yuan. The Industrial Nonferrous ETF Penghua closely tracks the CSI Industrial Nonferrous Metals Theme Index, which selects 30 publicly listed companies with larger market capitalizations involved in industries such as copper, aluminum, lead-zinc, and rare metals as index samples to reflect the overall performance of securities in the industrial nonferrous metals theme. Data shows that as of March 31, 2026, the top ten weighted stocks in the CSI Industrial Nonferrous Metals Theme Index (H11059) are Luoyang Molybdenum, Northern Rare Earth, China Aluminum, Yun Aluminum, Xiamen Tungsten, Industrial Silver Tin, Tianshan Aluminum, Shenhuo Co., Ltd., Tongling Nonferrous Metals, and Dongyangguang, with the top ten weighted stocks accounting for a total of 54.07% ### Related Stocks - [000811.CN](https://longbridge.com/en/quote/000811.CN.md) ## Related News & Research - [Universal Digital Inc. Announces Termination of ETF Partnership Agreement | LFGMF Stock News](https://longbridge.com/en/news/286616540.md) - [1 Rapidly Deteriorating ETF Screams That ‘Shop ‘Til You Drop’ Americans Have All But Keeled Over](https://longbridge.com/en/news/286429552.md) - [Keep Your Portfolio Safe With This Low-Volatility ETF](https://longbridge.com/en/news/286604877.md) - [Guardian Ultra-Short U.S. T-Bill Fund ETF declares $0.1448 dividend](https://longbridge.com/en/news/286471588.md) - [This ETF Is Flying High Again. Here's How to Tell If It Will Continue.](https://longbridge.com/en/news/285754960.md)