ETF盘中资讯|“行业涨幅王”有色！还能再涨吗？有色ETF华宝（159876）暴拉4.4%！场内价格、规模齐创新高，资金狂涌！

Core Viewpoint - The non-ferrous metal sector is experiencing a significant rally, with the Huabao Non-Ferrous ETF reaching a historical high and attracting substantial capital inflows, indicating strong market confidence in the sector's future performance [1][5]. Group 1: Market Performance - The Huabao Non-Ferrous ETF (159876) has seen a price increase of 4.4%, marking a continuous four-day rise and a record high in trading volume, with real-time transaction amounts nearing 46.22 million yuan [1]. - As of January 5, the Huabao Non-Ferrous ETF's total scale reached 879 million yuan, also a historical high, with a net subscription of 36.6 million units reported [1]. - Key stocks within the sector, such as Vanadium Titanium Co. and Tin Industry Co., have hit the daily limit, while companies like Aluminum Corporation of China and Huayou Cobalt have seen increases exceeding 8% [1]. Group 2: Macroeconomic Factors - The Federal Reserve's interest rate cuts are driving up non-ferrous metal prices by devaluing the dollar, making metals cheaper and increasing global demand [2]. - Lower interest rates reduce borrowing costs for companies, which is expected to boost demand for industrial metals like copper and aluminum [2]. Group 3: Company Performance - In the third quarter of 2025, 56 out of 60 companies in the leading non-ferrous ETF reported profits, with 44 companies showing year-on-year growth in net profit, highlighting strong fundamentals in the sector [3]. - Notably, Chujiang New Materials reported a staggering 20-fold increase in net profit, with several other companies also experiencing significant profit growth [3]. Group 4: Industry Trends - The current non-ferrous bull market is characterized by demand from emerging industries such as renewable energy, AI, and aerospace, contrasting with previous cycles driven by real estate and infrastructure [3]. - Supply-side disruptions are exacerbating the supply-demand imbalance, further driving up metal prices and emphasizing their strategic value [3]. Group 5: Policy Support - Recent policies aimed at stabilizing growth in the non-ferrous metal industry, including a joint plan from eight departments, are expected to enhance resource security and promote digital upgrades in the industry [3]. - Major infrastructure projects, such as the Yaxi Hydropower Project, are anticipated to create significant demand for non-ferrous metal materials [3]. Group 6: Future Outlook - Analysts predict that the non-ferrous metal sector will continue to thrive, with expectations of a bull market driven by monetary policy, demand, and supply dynamics [4][6]. - The potential for a prolonged super cycle in non-ferrous metals is supported by factors such as a weak dollar, policy backing, and industrial upgrades [4].