On April 8, 2026, the CSI Subdivision Non-Ferrous Metal Industry Theme Index (000811) surged by 6.15%, with constituent stocks such as Western Gold, Industrial Bank Silver Tin, and Hunan Gold hitting the daily limit. Stocks like Bowei Alloys and Luoyang Molybdenum also saw gains. As of 13:56, the Non-Ferrous Metal ETF ChinaAMC (516650) rose by 6.43%, with the latest price reported at 2.07 yuan.
In terms of news, the United States agreed to a two-week ceasefire with Iran in exchange for the reopening of the Strait of Hormuz, which directly boosted market sentiment as geopolitical tensions eased. Additionally, official data showed that the manufacturing PMI for March rose to 50.4%, returning to the expansion zone, and profits of large-scale non-ferrous metal enterprises grew by 133.5% year-on-year in January and February, indicating strong industry fundamentals.
Huatai Securities is optimistic about the oversold rebound opportunities in the non-ferrous metal sector: In terms of gold, historical patterns show that conflicts often lead to a rapid rebound once they end, and central bank purchases continue to provide bottom support for gold prices; for industrial metals, supply is tight at the copper mine end, and domestic inventories are being depleted, while the aluminum sector's Middle Eastern capacity risks have not been fully priced in, with both fundamentals still supportive; for minor metals, varieties such as rare earths, tungsten, molybdenum, and cobalt are catalyzed by geopolitical conflicts, with expectations for strategic reserves and military stockpiling continuing to strengthen, and supply is highly concentrated domestically, making external shocks difficult to replace, highlighting resilience and mid-term allocation value, thus the overall repair opportunities after the overselling are worth actively monitoring.
Data shows that as of March 31, 2026, the top ten weighted stocks in the CSI Subdivision Non-Ferrous Metal Industry Theme Index (000811) 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 50.78%.
Non-Ferrous Metal ETF ChinaAMC (516650), off-market connection A: 016707; connection C: 016708; connection D: 021534

512400

159652

516650

601899

细分有色

000811

159876

561330

600489

On April 8, 2026, the Non-Ferrous Metal ETF ChinaAMC (516650) rose by 6.43%, and the CSI Subdivision Non-Ferrous Metal Industry Theme Index (000811) increased by 6.15%. The market sentiment was boosted by the easing of geopolitical tensions and the rebound in manufacturing PMI. Huatai Securities is optimistic about the oversold rebound opportunities in the non-ferrous metal sector, believing that the fundamentals supporting gold and industrial metals remain intact, while rare earths and other minor metals show strong resilience, making the overall recovery opportunities worth paying attention to

腾讯新闻 - 财经

China Southern CSI SWS Non-Ferrous Metal ETF

China Universal CSI Subdivision Non-Ferrous Metal Industry Theme ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

Zijin Mining

MOON-TECH

Hwabao WP CSI Non-ferrous Metal ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

ZHONGJIN GOLD

The non-ferrous metal ETF rose 6.43% during the session, with institutions optimistic about the oversold rebound opportunities in the non-ferrous metal sector