Likes ReceivedNon-ferrous metals led the gains in both markets, with Huabao Fund's Non-ferrous Metals ETF (159876) surging 4%, attracting 13.42 million yuan in net inflows over the past five days!
The King Returns! Today (April 29), the non-ferrous metals sector led the gains in both markets. As of press time, it received a net inflow of over 18 billion yuan from big players, ranking first in terms of fund attraction among the 31 Shenwan primary industries. Northern Rare Earth received a net inflow of nearly 4 billion yuan, ranking second on the A-share fund attraction list.
Among popular ETFs, Hwabao Non-ferrous Metals ETF (159876), which has the largest scale and best liquidity* tracking the same underlying index, saw its on-exchange price surge by 4.05% intraday, currently up 3.86%. Data from the Shenzhen Stock Exchange shows the ETF attracted a cumulative 13.42 million yuan in the past 5 days, reflecting that capital is optimistic about the future performance of the non-ferrous metals sector and is actively entering the market to position!
Promotion
Regarding constituent stocks, rare earth leaders significantly led the gains, with China Rare Earth and Northern Rare Earth hitting the daily limit up, Shenghe Resources rose over 9%, and Zhongxi Nonferrous rose over 7%; lithium industry leader Yongxing Materials also hit the daily limit up, and gold leader Hengbang Co., Ltd. rose nearly 8%.
On news, Northern Rare Earth disclosed its 2026 first-quarter report, with the company achieving strong performance growth. During the reporting period, the company achieved operating revenue of 11.859 billion yuan, a year-on-year increase of 27.69%; net profit attributable to shareholders of the listed company reached 918 million yuan, a significant year-on-year increase of 113.12%. Regarding the reasons for the performance growth, the company stated it was mainly due to the year-on-year increase in the average price of major rare earth products represented by praseodymium-neodymium products in the first quarter, driving a year-on-year increase in gross profit.
Recently, several rare earth companies have intensively disclosed their first-quarter reports, with rare earth companies' performance collectively doubling. China Rare Earth's first-quarter report shows operating revenue was 821 million yuan, a year-on-year increase of 12.8%; net profit attributable to the parent company was 139 million yuan, a year-on-year increase of 90.8%; and adjusted net profit attributable to the parent company was 138 million yuan, a year-on-year increase of 108.8%. Zhongxi Nonferrous achieved operating revenue of 1.535 billion yuan in the first quarter, a year-on-year increase of 1.90%; net profit attributable to shareholders of the listed company was 171 million yuan, a substantial year-on-year increase of 261.55%.
Notably, overnight U.S. stock prices of rare earth and critical metals companies strengthened, providing a positive global reflection for A-shares. Simultaneously, the Ministry of Natural Resources released data earlier today, confirming that China's rare earth reserves and production both rank first in the world, strengthening the strategic advantage of the industrial chain. China's new round of strategic action for mineral exploration breakthroughs has achieved significant results. By the end of the "14th Five-Year Plan," China's reserves of 14 minerals, including rare earths, rank first in the world, significantly enhancing the ability to guarantee resource autonomy and laying a solid resource foundation for the long-term stable development of the rare earth industry.
CITIC Securities pointed out that the growth rate of global rare earth supply is slowing, and the logic of supply rigidity is strengthening. Humanoid robots and the low-altitude economy are expected to become new growth poles for rare earth permanent magnet demand. In 2026, the global rare earth supply-demand gap may continue to widen, providing long-term support for rare earth prices.
Looking ahead, can non-ferrous metals rise further? CITIC Securities believes that the upward momentum for non-ferrous metals prices and stock performance remains sufficient. Supply disruptions, pockets of high demand prosperity, and hoarding behavior provide strong support for metal prices. The firm is optimistic about the allocation value of precious metals, industrial metals, battery metals, and strategic metals sectors.
[The Non-ferrous Metals Windfall Has Arrived, the "Super Cycle" is Unstoppable]
Hwabao Non-ferrous Metals ETF (159876) and its feeder funds (Class A: 017140, Class C: 017141) have an underlying index that comprehensively covers industries such as copper, aluminum, gold, rare earths, and lithium, encompassing different business cycles like precious metals (hedging), strategic metals (growth), and industrial metals (recovery). Full-category coverage can better capture the beta trend of the entire sector. Meanwhile, this ETF is a margin trading and securities lending target, making it an efficient tool for one-click allocation to the non-ferrous metals sector.
As of the end of March, the latest scale of Hwabao Non-ferrous Metals ETF (159876) was 1.891 billion yuan, with a daily average turnover of over 100 million yuan in the past month. Among the three ETF products tracking the same underlying index in the entire market, it ranks first in both scale and liquidity.
Note: The previous on-exchange abbreviation for Hwabao Non-ferrous Metals ETF (159876) was Non-ferrous Leaders ETF.
Risk Disclosure: Hwabao Non-ferrous Metals ETF passively tracks the CSI Non-ferrous Metals Index. The base date of this index is December 31, 2013, and it was released on July 13, 2015. The composition of the index constituents is adjusted according to the index compilation rules. Its back-tested historical performance does not indicate future index performance. The index constituents mentioned in this article are for display only. Descriptions of individual stocks do not constitute investment advice of any form, nor do they represent the holdings information or trading trends of any fund under the management company. The fund manager assesses the risk level of this fund as R3 - Medium Risk, suitable for Balanced (C3) and above investors. Please refer to the sales institution for suitability matching opinions. Any information appearing in this article (including but not limited to individual stocks, comments, forecasts, charts, indicators, theories, any form of expression, etc.) is for reference only. Investors are responsible for any independent investment decisions. Furthermore, any views, analysis, and forecasts in this article do not constitute investment advice of any form to readers, and no responsibility is assumed for any direct or indirect losses arising from the use of this content. Fund investment carries risks. The past performance of the fund does not represent its future performance. The performance of other funds managed by the fund manager does not guarantee the performance of this fund. Fund investment must be cautious.
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