As of April 15, 2026, 11:25, the CSI Industrial Non-ferrous Metal Theme Index (H11059) fell by 0.36%, after rising more than 2% in the early session.
On the news front, there are signs of easing geopolitical tensions. On April 14, U.S. President Trump stated that the war with Iran is &#34;over&#34; and revealed that talks with Iran &#34;may take place within the next two days&#34; in Pakistan. As a result, precious metals and non-ferrous metals regained upward momentum.
On April 14 local time, most base metals in London rose, with LME tin futures up 4.60% to USD 50,480.0 per ton, LME nickel up 2.89% to USD 18,210.0 per ton, LME copper up 1.86% to USD 13,296.0 per ton, LME zinc up 0.69% to USD 3,340.0 per ton, and LME lead up 0.65% to USD 1,934.5 per ton.
Western Securities pointed out that in terms of industrial metals, domestic copper inventories are rapidly depleting, and under the expectation of tightening supply, it is likely to maintain strength. Specifically, the Peruvian government has revoked key authorizations for Southern Copper's Tia Maria copper mine project, creating new obstacles for this long-stalled project, which aims to produce 120,000 tons of copper annually. Meanwhile, influenced by the rapid rise in international commodity prices and the improvement of supply-demand relationships in some domestic industries, the national PPI turned from decline to increase year-on-year in March, with a month-on-month increase for six consecutive months, marking the largest increase in 48 months. Overall, while short-term pressures remain, the long-term outlook is optimistic.
Regarding related products, the Tianhong CSI Industrial Non-ferrous Metal Theme Index (Class A: 017192; Class C: 017193) closely tracks the CSI Industrial Non-ferrous Metal Theme Index. The CSI Industrial Non-ferrous Metal Theme Index selects 30 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 listed companies in the industrial non-ferrous metal theme.
Data shows that as of February 25, 2026, the top ten weighted stocks in the CSI Industrial Non-ferrous Metal Theme Index (H11059) are Luoyang Molybdenum, Northern Rare Earth, China Aluminum, Industrial Bank Silver Tin, Xiamen Tungsten, Yunnan Aluminium, Tongling Nonferrous Metals, Jiangxi Copper, Western Mining, and Dongyangguang, with the top ten weighted stocks accounting for a total of 54.46%. (The stocks listed above are only index constituent stocks and do not imply specific recommendations; historical holdings do not represent current and future performance.)
In terms of industry distribution, the CSI Industrial Non-ferrous Metal Theme Index (H11059) focuses on industrial metals, excluding a large number of precious metals, with copper accounting for 34.4% (core), aluminum 21.8%, rare earths 13.6%, and lead-zinc/tin/molybdenum/tungsten combined accounting for 25%, making it a narrow-based index that is closer to manufacturing demand, currently in a state of high prosperity, high volatility, and high elasticity. (Data source: Wind, based on Shenwan's three-level classification, as of December 31, 2025)
With significant advantages in scale and liquidity, as of December 31, 2025, the Tianhong CSI Industrial Non-ferrous Metal Theme Index Fund has a product scale of 2.308 billion yuan, with Class A at 267 million yuan and Class C at 2.041 billion yuan (data source: product Q4 report 2025). Among the over-the-counter index funds tracking the CSI Industrial Non-ferrous Metal Theme Index (H11059), the fund size far exceeds that of other similar funds. (Data source: Wind, data as of 20251231)
In terms of fund performance, the historical returns for 2025 are impressive: Tianhong CSI Industrial Non-ferrous Metal Theme Index Fund Class A: 93.08%, Class C: 92.60% (data source: product Q4 report 2025).
Regarding fees, the fund operating fee rate (management fee + custody fee) is 0.6%, and the sales service fee for Class C shares is 0.25%. It is suitable for holding for less than one year, provided it aligns with one's risk tolerance; for long-term holding, Class A is preferred.
Investing in over-the-counter industrial non-ferrous index funds is convenient and user-friendly, requiring no stock account. As long as it aligns with one's risk tolerance, it can be purchased through financial accounts such as Alipay, Tiantian Fund, and JD Finance, supporting regular investment, making it a worry-free way for ordinary people to allocate to the industrial non-ferrous/non-ferrous metal sector.
Note: The complete accounting year product performance and benchmark performance of the Tianhong CSI Industrial Non-ferrous Metal Theme Index Fund since its establishment are as follows: Class A: 2024 +1.69% (-1.61%), 2025 +93.08% (+90.05%); Class C: 2024 +1.44% (-1.61%), 2025 +92.60% (+90.05%)

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As the geopolitical situation eases, the industrial non-ferrous metal index rose more than 2% in early trading. As of April 15, 2026, at 11:25, the CSI Industrial Non-ferrous Metal Theme Index fell by 0.36%. U.S. President Trump stated that the war with Iran has "ended" and may hold talks with Iran, which has driven up the prices of precious and non-ferrous metals. Most base metals in London rose, with prices of copper, aluminum, lead, and zinc rebounding. Western Securities pointed out that domestic copper inventories are rapidly depleting, and expectations of tightening supply will maintain strength. Overall, while there is short-term pressure, the long-term outlook remains positive

腾讯新闻 - 财经

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As geopolitical tensions ease, non-ferrous metals strengthen collectively, with the industrial non-ferrous index rising over 2% in the morning session