Color ETF Penghua rises nearly 6%, multiple positive catalysts drive the strong rise of the non-ferrous metals sector

In the news, 1) the US and Iran reached a temporary ceasefire agreement, boosting market risk appetite, leading to increased volatility in precious metals and non-ferrous metal prices; 2) The People’s Bank of China has increased its gold holdings for 17 consecutive months, with gold reserves rising by 160k ounces month-on-month at the end of March; 3) Barrick Gold slowed down the development of its copper-gold mine in Pakistan due to safety risks, increasing global copper mine supply disruption factors;

In brokerage research, Ping An Securities pointed out that in the second half of 2025, active equity funds significantly increased their holdings in the non-ferrous metals industry, with the allocation ratio rising by 3.29 percentage points to 7.68%, making it the sector with the largest increase, mainly benefiting from the recovery in demand along the new energy industry chain and metal price rebounds; Everbright Securities also continued to track price fluctuations in new materials of non-ferrous metals, noting that weekly price increases for products like oxidized praseodymium-neodymium exceeded 5%, reflecting an upward trend in the prosperity of niche sectors. Industry research shows that institutional investors are more willing to allocate to the non-ferrous sector, with a high overlap between the components of the Guozheng Non-Ferrous Metals Index tracked by target products.

As of the deadline: April 8th, 13:21, the Guozheng Non-Ferrous Metals Index (399395.SZ) rose by 5.93%; major constituent stocks mostly increased, with Zijin Mining up 6.91%, Luoyang Molybdenum up 8.35%, China Aluminum up 7.99%, CICC Gold up 8.11%, Industrial Silver Tin up 10.00%; the Non-Ferrous ETF Penghua (159880.SZ) increased by 5.96%.

Data shows that the top ten weights of the Guozheng Non-Ferrous Metals Index (399395.SZ) are Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, China Aluminum, Huayou Cobalt, Ganfeng Lithium, CICC Gold, Yunnan Aluminum, Shandong Gold, Chifeng Gold, accounting for a total of 49.06%.

The Non-Ferrous ETF Penghua closely tracks the Guozheng Non-Ferrous Metals Index. The Guozheng Non-Ferrous Metals Industry Index follows the industry classification standards, selecting 50 securities with prominent scale and liquidity in the non-ferrous metals industry as samples, reflecting the overall returns of listed companies in the non-ferrous metals industry traded on the Shanghai and Shenzhen markets, providing the market with an index-based investment target for segmented industries.

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