伦铜再创历史新高，有色ETF基金(159880)涨2.45%，“铜含量”占比超3成

Core Viewpoint - The copper market is experiencing a significant price increase, with futures reaching $13,000 per ton for the first time, driven by supply constraints and heightened market enthusiasm at the start of the year [1] Group 1: Market Performance - On January 6, the three major indices collectively rose, with the National Index for Nonferrous Metals (399395.SZ) increasing by 2.53% [1] - Notable performers among the index constituents included Huayou Cobalt, which rose nearly 6%, and Dongyangguang, which increased by nearly 5% [1] - The Nonferrous ETF (159880) also saw a rise of 2.45%, with a trading volume of 12.97 million yuan [1] Group 2: Supply Dynamics - The recent surge in copper prices is attributed to ongoing labor disputes at the Mantoverde copper-gold mine in northern Chile, a major copper-producing country, with expected production between 29,000 to 32,000 tons in 2025 [1] - Overall, geopolitical tensions are expected to enhance the premium on strategic resources, with copper anticipated to perform strongly [1] Group 3: Investment Trends - The Nonferrous ETF experienced a net inflow of 57.64 million yuan on January 5, with a cumulative net inflow of 108 million yuan over the past five trading days [1] - The ETF has a total circulation of 483 million shares, with a market size of 964 million yuan [1] Group 4: ETF Composition - The Nonferrous ETF closely tracks the National Index for Nonferrous Metals, which includes 50 securities from the nonferrous metals sector, reflecting the overall performance of listed companies in this industry [2] - Copper constitutes over 30% of the index's composition, indicating its significant role in the sector [2]