Mtalco(SH:601677) Xin Lang Cai Jing·2026-01-20 02:11Group 1 - The core viewpoint of the news highlights the active trading of the Huabao Nonferrous ETF (159876), which saw a price increase of over 1% at the opening but later experienced a decline of 0.98% as the market consolidated. The ETF has attracted a net subscription of 26.4 million units, following a significant inflow of 644 million yuan over the past ten days [1][10] - The Huabao Nonferrous ETF has reached a new historical high in size, amounting to 1.626 billion yuan, making it the largest ETF tracking the CSI Nonferrous Metals Index among three such ETFs in the market [5][13] - The ETF covers a wide range of sectors including copper, aluminum, gold, rare earths, and lithium, allowing it to capture various market cycles such as precious metals (safe-haven), strategic metals (growth), and industrial metals (recovery) [7][16] Group 2 - Ming Tai Aluminum has seen a significant stock price increase of 9.99%, with a projected net profit for 2025 estimated between 1.95 billion to 2 billion yuan, reflecting a year-on-year growth of 12% to 14%. The company attributes this growth to the low-carbon advantages of its recycled aluminum products [2][11] - Other notable stocks include Nanshan Aluminum and Hunan Silver, which have also experienced price increases of over 5%, while several other companies in the nonferrous sector have shown positive performance [4][14] - The macroeconomic context includes geopolitical tensions leading to potential tariffs on goods from Denmark, Norway, and Sweden, which may impact the nonferrous metals market. Additionally, gold prices have surged significantly, with expectations of further increases due to ongoing buying from central banks and insurance companies [3][12]