The Industrial Non-ferrous ETF Penghua has surged for three consecutive days, with industrial metals showing a trend of volume-price resonance recovery

With the ceasefire between the U.S. and Iran, the non-ferrous sector is warming up. The A-share first quarter report shows explosive performance in the semiconductor, non-ferrous metals, and basic chemical industries. Dongxing Securities pointed out that Federal Reserve Chairman Jerome Powell released dovish signals, and interest rate market expectations have turned positive, leading to a rebound in copper prices. The conflict in the Middle East has caused the EGA Abu Dhabi electrolytic aluminum plant to suspend production, resulting in a negative growth rate for global electrolytic aluminum supply, increasing the upward risk for aluminum prices. The industrial non-ferrous ETF Penghua rose by 0.45%, marking a three-day consecutive increase