有色金属ETF天弘(159157)将于本周五提前结募，新能源转型及全球供应链重构助力有色行情！

Core Insights - The Tianhong Nonferrous Metals ETF (159157) is set to begin fundraising on January 19, 2026, with the deadline moved up to January 23, 2026, reflecting strong market interest in the nonferrous metals sector [1] - The nonferrous metals sector has shown significant growth, with the CSI Industrial Nonferrous Metals Theme Index rising by 17.19% year-to-date as of January 21, 2026, indicating a bullish market sentiment [1] - The fund focuses on key industrial nonferrous metals such as copper, aluminum, and rare earths, capitalizing on the investment opportunities driven by the AI industry [1] Product Highlights - The Tianhong Nonferrous Metals ETF tracks the CSI Industrial Nonferrous Metals Theme Index, which includes 30 listed companies in the industrial nonferrous metals sector, showcasing high industry concentration [1] - The fund provides a one-stop efficient solution for investors looking to capitalize on the upward cycle of the industrial nonferrous metals sector and policy benefits [1] Market Trends - A significant increase in demand for copper and aluminum is anticipated, with the global AI data centers expected to drive an additional demand of 330,000 tons for copper, expanding the supply-demand gap from 340,000 tons to 670,000 tons [1] - The aluminum market is projected to face a supply gap of 990,000 tons due to increased demand from photovoltaic frames and liquid-cooled servers [1] - Supply-side challenges include production halts in Chile and the Democratic Republic of Congo, as well as discussions in Indonesia regarding bauxite export bans, which further constrict supply [1] Policy Developments - On January 20, 2026, Shanghai released a significant policy aimed at enhancing the global pricing influence of nonferrous metals, promoting market interconnectivity and resource allocation capabilities [2] - The policy supports Shanghai's development as a global center for nonferrous metal commodities, aligning with broader economic goals [2] Institutional Perspectives - China Galaxy Securities recommends leveraging the convergence of the "AI leap" and "century change" to capitalize on the super cycle of nonferrous metals, drawing parallels to historical macroeconomic narratives [2]