The non-ferrous metal ETF with the highest copper content, Huaxia (516650), saw an abnormal intraday rise of 2.62%.

On the morning session of August 7, concept stocks related to rare earths, germanium, tungsten, copper, aluminum, and lithium collectively strengthened. As of 10:06, Huaxia Nonferrous Metals ETF (516650) showed abnormal intraday movement with a 2.62% gain. Among its holdings, there were more gainers than losers; China Rare Earth hit the daily limit up, Yunnan Germanium rose by 9.68%, Zhongxi Nonferrous rose by 9.08%, while stocks such as Northern Rare Earth, Shenghe Resources, Huayou Cobalt, and Western Mining also showed strong performance. Huaxia Industrial Nonferrous ETF (515040) gained 2.78%.

In terms of capital inflows, Huaxia Nonferrous Metals ETF saw net capital inflows on 7 out of the last 10 trading days, totaling 140 million RMB. As of August 6, the latest scale of Huaxia Nonferrous Metals ETF was 9.899 billion RMB, ranking first among funds tracking the same index.

Regarding news, Reuters reported on Thursday that an official decree shows the Democratic Republic of Congo has banned the export of copper and cobite concentrates. Driven by this news, LME copper futures surged over 1.8% in the short term overnight. On the morning session of August 7, LME copper continued its strong momentum, with prices touching $1,422,214,000 per ton at one point, setting a new all-time high record.

Funeng Futures analysis points out that the DRC had previously implemented quotas and exemption approvals for copper and cobalt concentrate exports. This move is a reiteration and tightening of existing controls rather than a sudden complete interruption. Considering that China imported only 15,800 metric tons of physical copper concentrate from the DRC in June (accounting for 0.6% of total imports), and given that Kamoa already possesses local smelting capacity, the short-term additional impact is limited. The core signal lies in resource protectionism, with the strategic status of critical minerals rising. Resource countries are retaining added value domestically through export restrictions, local processing, and taxes, thereby raising the medium-to-long-term supply risk premium and the cost center for copper mines in the DRC. Current sentiment confirms bullish factors, supported by tight mine supplies, low inventories, and rush shipments to the US. Short-term 沪铜 (Shanghai Copper) is expected to operate with a strong bias.

Huaxia Nonferrous Metals ETF (516650, OTC feeder funds 016707/016708/021534) closely tracks the CSI Sub-sector Nonferrous Metal Industry Theme Index. The index focuses on gold and industrial metals like copper and aluminum, minor metals like rare earths, tungsten, and molybdenum, as well as energy metals like lithium and cobalt. Copper accounts for 38.3% of the weight, having the highest exposure to the nonferrous metal sector, with computing power metal exposure at 57.8%. It also has the largest scale among indices of its kind, helping investors layout the nonferrous metal sector with one click!

Huaxia Industrial Nonferrous ETF (515040) focuses on industrial metals such as copper, aluminum, lead, and zinc, which account for over 60.3% of its composition. It is suitable for those who are optimistic about the recovery of the manufacturing sector and pursue a purer industrial attribute, featuring the lowest fee rate among similar products!