The performance of the non-ferrous sector is impressive, with the Taikang Nonferrous Metal Mining ETF rising over 1%. The expectation of production cuts strengthens, and the high prosperity of the aluminum industry is expected to continue

As of April 14, 2026, 10:15, the Nonferrous ETF Taikang (159163) rose by 1.56%, with a turnover of 2.43% during the session, totaling 5.0322 million yuan. The tracking index, the CSI Non-Ferrous Metal Mining Theme Index (931892), surged by 1.72%, with constituent stocks such as Yunnan Tin Industry rising by 8.53%, Tianshan Aluminum rising by 5.05%, and Huaxi Nonferrous rising by 4.83%, along with other stocks like Xiyegongsi and Luoyang Molybdenum.

On the news front, Wind data shows that as of 17:00 on April 13, a total of 57 listed companies in the nonferrous industry disclosed their 2025 annual reports, with 42 companies achieving year-on-year growth in net profit attributable to shareholders, accounting for approximately 73.68%. From the first quarter performance forecasts for 2026, as of now, 14 listed companies in the nonferrous industry have disclosed their first quarter performance forecasts for 2026, with 13 companies expecting positive results, resulting in a positive forecast ratio of approximately 92.86%.

Affected by the situation in the Middle East, global aluminum prices have risen again. On April 13, LME aluminum prices rose by more than 2% to reach USD 3,582 per ton, hitting a four-year high. On the same day, Shanghai aluminum futures closed up 0.55% at 24,760 yuan per ton. Guohai Securities pointed out that in the short term, the situation in the Middle East remains severe, with electrolytic aluminum facilities in the region being impacted, and further production cuts are expected; demand is gradually recovering and switching to the peak season, but it is still necessary to wait for overseas demand to transmit to the domestic market and for the inventory inflection point to appear. Regarding alumina, domestic alumina operating capacity has increased due to new production capacity; geopolitical factors have raised oil prices, pushing up freight costs, which in turn has driven alumina prices to rebound. In the long term, the aluminum industry has limited long-term supply growth, while demand still has growth points, and the industry may maintain high prosperity.

The Nonferrous ETF Taikang closely tracks the CSI Non-Ferrous Metal Mining Theme Index, which selects 40 listed companies with nonferrous metal mineral resource reserves from the nonferrous metal industry as index samples, reflecting the overall performance of listed companies in the nonferrous metal mining theme.

Data shows that as of March 31, 2026, the top ten weighted stocks in the CSI Non-Ferrous Metal Mining Theme Index (931892) are Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, China Aluminum, Huayou Cobalt, Ganfeng Lithium, Zhongjin Gold, Shandong Gold, Chifeng Gold, and Yun Aluminum, with the top ten weighted stocks accounting for a total of 52.68%. (The stocks listed above are only constituent stocks of the index and are not intended as specific recommendations.)