CHALCO(SH:601600) Xin Lang Cai Jing·2026-01-28 02:59Group 1 - Precious metals continue to rise, with spot gold surpassing $5200 per ounce for the first time on January 28, marking a year-to-date increase of over 20% and setting a new historical high. Spot silver has also reached $113 per ounce [1] - Huafu Securities indicates that in the short term, expectations for Federal Reserve interest rate cuts are fluctuating, leading to a market environment where prices are more likely to rise than fall. In the medium to long term, uncertainties surrounding global tariff policies and regional politics will keep safe-haven and stagflation trades at the core of gold trading, maintaining its long-term investment value [1] - As of January 28, 2026, the National Securities Nonferrous Metals Industry Index (399395) has surged by 3.95%, with constituent stocks such as silver nonferrous rising by 10.04%, China Aluminum by 10.02%, and Hunan Gold by 10.00%. Other stocks like Western Gold and Tongling Nonferrous also saw gains. The Nonferrous ETF Penghua (159880) increased by 4.09%, with the latest price at 2.52 yuan [1] Group 2 - As of December 31, 2025, the top ten weighted stocks in the National Securities Nonferrous Metals Industry Index (399395) include Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, Huayou Cobalt, China Aluminum, Ganfeng Lithium, Yun Aluminum, Shandong Gold, Zhongjin Gold, and Tianqi Lithium, collectively accounting for 51.65% of the index [2] - The Nonferrous ETF Penghua (159880) is closely tracking the National Securities Nonferrous Metals Industry Index, which selects 50 securities with significant scale and liquidity in the nonferrous metals industry, reflecting the overall performance of listed companies in this sector on the Shanghai and Shenzhen stock exchanges [2]