China Merchants CSI Nonferrous Metal Mining ETF(159690.SZ)

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China Merchants CSI Nonferrous Metal Mining ETF
159690.SZ
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Two major rare earth giants announce price increase

The two leading rare earth companies, CNRE and BSU, announced that the associated transaction price for rare earth concentrates in the first quarter of 2026 will be raised to RMB 26,834 per ton, excluding tax, an increase of 2.4% month-on-month. This marks the sixth price increase since the third quarter of 2024. The pricing mechanism for rare earth concentrate transactions between CNRE and BSU is stable and is executed based on the pricing plan approved at the 2023 shareholders' meeting. The Baiyun Obo mine, controlled by Baogang Group, is rich in resources and has the largest rare earth resource quantity in the world

Wallstreetcn·
SH
600111
+1.44%
SH
600010
+2.77%
Wallstreetcn·
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600111
+1.44%
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600010
+2.77%

China stocks hit decade high as metals, financials rally

China stocks reached a decade high, driven by a rally in non-ferrous metals and financials, with the CSI300 and Shanghai Composite Index both up 1.2%. The Shanghai Composite Index hit its highest level since July 2015, boosted by record copper prices and strong performance in the insurance and securities sectors. UBS analysts noted limited downside risk and increased investor confidence ahead of the Lunar New Year, with expectations for continued growth in tech and solar sectors. The market has seen a 6% increase since mid-December, with tech stocks in Hong Kong also gaining.

Reuters·
SH
601899
+2.53%
HK
02899
+2.85%
Reuters·
SH
601899
+2.53%
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02899
+2.85%

Zijin Mining posts FY2025 net profit of CNY 51–52 billion, up 59–62 percent

Zijin Mining Group reported an estimated net profit of CNY 51-52 billion for FY2025, marking a 59-62% increase year-on-year. The company's market value exceeded CNY 880 billion, ranking it among the top three global metals and mining firms. In 2025, Zijin produced 90 tonnes of gold and 1.09 million tonnes of copper. The spin-off of Zijin Gold International raised HKD 28.7 billion, contributing to a combined market value of over CNY 1.3 trillion for Zijin and its subsidiaries.

Reuters·
HK
02899
+2.85%
SH
601899
+2.53%
Reuters·
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02899
+2.85%
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Zijin Mining founder: Reverse flow is the "shortcut" to success in life

Zijin Mining founder Chen Jinghe announced his retirement on January 1, 2026, ending a 44-year career in the mining industry. He reflected on the company's development history and emphasized that passing the baton during a performance upswing is a responsible act for the enterprise. The new management team possesses an international perspective and professional capabilities, which can lead the company to new heights. Chen Jinghe summarized his life choices as "reverse flow," believing this is the "shortcut" to success, and stated that he cares more about contributions to society than personal interests

Wallstreetcn·
SH
601899
+2.53%
HK
02899
+2.85%
Wallstreetcn·
SH
601899
+2.53%
HK
02899
+2.85%

Chalco Logistics to Acquire 51% Stake in Yunlv Logistics for RMB263.84 Million

Chalco Logistics Group Co., Ltd., a subsidiary of Aluminum Corporation of China Limited, plans to acquire a 51% stake in Yunnan Yunlv Logistics Investment Co., Ltd. from Yunnan Aluminum Co., Ltd. for approximately RMB263.84 million. After the acquisition, Chalco Logistics will hold 51% and Yunnan Aluminum 49% of Yunlv Logistics. The transaction is subject to final appraisal, and no concrete agreement has been reached yet regarding the acquisition.

Reuters·
HK
02600
+2.39%
SH
601600
+2.93%
Reuters·
HK
02600
+2.39%
SH
601600
+2.93%
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