Baiyin Nonferrous(SH:601212) Xin Lang Cai Jing·2026-02-24 11:46Group 1 - The core viewpoint of the article highlights a strong performance in the non-ferrous metals sector, with a notable increase in the popular ETF, Non-Ferrous ETF (159876), which saw a maximum intraday rise of over 3.7% and closed up 3.18% on the first trading day of the Year of the Horse [1][7] - The Non-Ferrous ETF attracted a net subscription of 6 million units throughout the day, indicating positive market sentiment towards the sector [1][7] - Key stocks within the sector, such as Baiyin Nonferrous and Hunan Baiyin, hit the daily limit, while others like Vanadium Titanium Co., Shengxin Lithium Energy, and Yongxing Materials saw increases of over 7% [1][7] Group 2 - Recent strength in gold and silver prices is closely linked to rising market risk aversion, driven by two main factors: the implementation of a 10% global tariff by Trump and ongoing geopolitical tensions between the US and Iran [3][9] - UBS anticipates that geopolitical risks will remain high, and the ongoing easing cycle by the Federal Reserve is expected to exert pressure on real interest rates, potentially leading to a rise in gold prices [3][9] - Citic Securities suggests that the bullish sentiment in the gold market may extend to the non-ferrous metals sector, supporting the continuation of a bull market in this area [3][9] - Bank of China Securities predicts that by 2026, the non-ferrous metals sector may experience a dual increase in profits and valuations, driven by a strong cyclical attribute and financial trends [3][9] Group 3 - The Non-Ferrous ETF (159876) and its linked funds comprehensively cover various industries including copper, aluminum, gold, rare earths, and lithium, allowing for better capture of the sector's beta performance across different economic cycles [3][9] - The ETF serves as an efficient tool for investors looking to gain exposure to the non-ferrous metals sector, being a financing and margin trading target [3][9]