有色金属ETF(512400)大幅拉升劲涨1.65%，机构：2026年铜将迎来历史级别上涨

Group 1 - The core viewpoint of the news highlights the significant performance of the non-ferrous metal ETF (512400), which rose by 1.65% with a turnover of 6.79% and a transaction volume of 1.37 billion yuan as of December 30, 2025 [1] - The non-ferrous metal ETF has seen continuous net inflows totaling 1.554 billion yuan over the past four days leading up to December 29 [1] - Key stocks in the index, such as Yun Aluminum Co., Tianshan Aluminum, and China Aluminum, experienced notable increases in their share prices, with gains of 5.97%, 5.25%, and 5.07% respectively [1] Group 2 - CITIC Construction Investment Securities predicts that the macroeconomic trends driving gold prices will also lead to a rise in copper prices in 2026, as the old order collapses and a new pricing structure for copper is established [2] - The restructuring of global trade order due to the "Tariff 2.0 Era" is expected to accelerate the supply chain transformation, with copper being a core raw material for industrial manufacturing, thus expanding its demand scenarios [2] - The competition among major powers is anticipated to shift focus from tariff impacts in 2025 to technology and security in 2026, which will further drive copper consumption, particularly in AI data centers [2] Group 3 - The non-ferrous metal ETF (512400) closely tracks the Zhongzheng Shenwan Non-Ferrous Metal Index, which consists of 50 listed companies selected from the non-ferrous metal and non-metal materials sectors in the Shanghai and Shenzhen markets [3] - The top ten weighted stocks in the index include Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, Huayou Cobalt, China Aluminum, Ganfeng Lithium, Shandong Gold, Zhongjin Gold, Tianqi Lithium, and Chifeng Gold [3] Group 4 - The non-ferrous metal ETF (512400) has off-market connection classes A (004432) and C (004433) [4]