ETF盘中资讯|地缘冲突再起，资源牛市延续！有色ETF华宝（159876）盘中拉升2.3%续创历史新高，获资金实时净申购780万份

Core Viewpoint - The non-ferrous metal sector continues to show strong performance, with the Huabao Non-Ferrous ETF (159876) reaching new highs and attracting significant capital inflows, indicating positive market sentiment towards the sector [1][3]. Group 1: Market Performance - On January 5, 2026, the Huabao Non-Ferrous ETF saw an intraday increase of 2.31%, currently up 1.81%, marking a new high since its listing [1]. - The ETF has received a net subscription of 7.8 million units, with a net inflow of 78.89 million yuan over the past five trading days, reflecting strong investor confidence in the sector's future performance [1]. Group 2: Key Stocks Performance - Among the constituent stocks, Zhongfu Industrial led with an increase of over 8%, followed by Hunan Silver and China Aluminum, both rising over 7% [3]. - Other notable performers include Shenhuo Co., West Superconducting, and Tianshan Aluminum, all showing gains of over 4% [3]. Group 3: Supply and Demand Dynamics - The geopolitical tensions, particularly the U.S. military actions in Venezuela, have intensified the demand for gold as a safe-haven asset, reinforcing the bullish trend in precious metals [3]. - In the copper market, a strike at the Mantoverde copper-gold mine in Chile has exacerbated supply issues, contributing to a projected global copper market deficit of over 100,000 tons in 2026 [4]. - The aluminum market is also facing supply challenges, with LME aluminum prices surpassing $3,000, driven by concerns over the stability of electrolytic aluminum supply [5]. Group 4: Future Outlook - Analysts predict a continued bullish trend in the non-ferrous metal sector, driven by global capital expenditure cycles, manufacturing recovery, and improved macroeconomic expectations [5]. - The consensus among institutions is that the non-ferrous metal sector is likely to experience a bull market in 2026, supported by synchronized upward movements in monetary policy, demand, and supply [5].