The non-ferrous metals ETF (512400), with a scale of tens of billions, has recorded net inflows for five consecutive days, exceeding RMB 4 billion in total.

Gelonghui, October 15 | The non-ferrous metal sector experienced widespread gains today. As of 10:02, Shenghe Resources surged over 7%, Chengxin Lithium rose more than 5%, and the Non-Ferrous Metals ETF (512400) increased by 0.3%. Year-to-date, it has risen 79% cumulatively and has seen substantial net subscriptions for five consecutive days, with a total scale reaching RMB 40.7 billion, making it the largest non-ferrous metal-themed ETF. Factors such as Federal Reserve rate cuts, tightening supplies, and AI-related capital expenditures have driven the strong performance of the non-ferrous metals sector this year. Prices of rare earths, gold, silver, and copper have all hit new record highs. Bank of America Global Research predicts that gold prices will reach USD 5,000 per ounce by 2026. Based on Q3 earnings forecasts, as of 19:00 on October 12, five listed companies in the non-ferrous metal industry in the A-share market disclosed their 2025 Q1-Q3 earnings previews; four companies reported positive results, with each expecting year-on-year net profit growth of at least 100% for January-September 2025. The Non-Ferrous Metals ETF is currently the only ETF tracking the CSI Shenwan Non-Ferrous Metals Index, covering core assets across the entire industrial chain including copper, aluminum, lithium, rare earths, and gold. It focuses on leading companies in niche sectors such as Zijin Mining, Northern Rare Earth, Luoyang Molybdenum, Huayou Cobalt, and Chalco. Year-to-date, non-ferrous metals have led market gains, with the Non-Ferrous Metals ETF (512400) reaching a total size of RMB 18.522 billion, making it the only non-ferrous metal industry ETF with a scale exceeding RMB 10 billion. Off-exchange linked funds are available (Class A: 004432; Class C: 004433).