Group 1 - The core viewpoint of the articles highlights the ongoing high prices of non-ferrous metals like copper and aluminum, with Chinese mining companies leading a wave of mergers and acquisitions in the sector, particularly in overseas gold mines, with a total acquisition scale nearing 60 billion yuan since the second half of 2025 [1] - Zijin Mining plans to acquire Canadian joint gold for 28 billion yuan, which has a gold resource of 533 tons, while Luoyang Molybdenum completed a Brazilian gold mine acquisition in 40 days, adding approximately 156 tons of gold resources, indicating a clear trend of Chinese companies aggressively securing quality non-ferrous resources globally [1] - Copper, recognized as a key metal for clean energy and technology industries, has seen its price surge from 8,000 USD per ton in April to over 13,000 USD, reaching a historical high due to uncertainties from mine shutdowns and potential U.S. tariffs on copper, with speculation further driving up its scarcity premium [1] Group 2 - As of February 4, 2026, the non-ferrous ETF Huatai-PineBridge has accumulated a rise of 119.91% over the past year, with its linked product, the Huatai-PineBridge CSI Non-Ferrous Metals Industry Theme ETF, showing a unit net value of 2.31 yuan and a monthly increase of 15.06% [2] - The Huatai-PineBridge CSI Non-Ferrous Metals Industry Theme ETF has achieved a maximum monthly return of 20.81% since its inception, with the longest consecutive monthly gains being 6 months and a total increase of 63.79%, indicating strong performance metrics [2] - The fund has a Sharpe ratio of 3.44 over the past year, with a maximum drawdown of 14.38%, ranking 2 out of 5 in its category, suggesting relatively low risk in terms of drawdown compared to its benchmark [2] Group 3 - The Huatai-PineBridge CSI Non-Ferrous Metals Industry Theme ETF, established on November 28, 2023, aims to closely track the underlying index through investments in the Huatai-PineBridge non-ferrous ETF, minimizing tracking deviation and error [3] - The current fund manager, Dong Jin, has 15.6 years of experience in the securities industry and has achieved a return of 91.63% since taking office on March 21, 2025 [3] - The fund's fee structure, which waives subscription fees and employs a daily fee calculation mechanism, is particularly suitable for the volatile non-ferrous metals sector, allowing investors to capture segment profits without being eroded by subscription and redemption fees [3]

来源：新浪基金∞工作室 2月5日，有色金属ETF基金（516650）开盘跌2.44%，报2.155元。有色金属ETF基金（516650）重仓股 方面，紫金矿业开盘跌2.63%，洛阳钼业跌2.66%，北方稀土跌1.61%，华友钴业跌1.40%，中国铝业跌 2.31%，赣锋锂业跌3.20%，山东黄金跌3.54%，云铝股份跌1.49%，中金黄金跌3.80%，天齐锂业跌 1.82%。 有色金属ETF基金（516650）业绩比较基准为中证细分有色金属产业主题指数收益率，管理人为华夏基 金管理有限公司，基金经理为单宽之，成立（2021-06-09）以来回报为120.95%，近一个月回报为 16.68%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 ...

记者丨曾静娇 编辑丨江佩霞 2月5日上午，亚太主要股指全线飘绿。A股三大指数、恒生指数均跌超1%， 热门科网股多数下跌，华虹半导体跌超6%，腾讯控股跌超2.6%， 市值跌破5万亿港元。 韩国综合指数跌超3.6%，主要受SK海力士、三星电子拖累，其跌幅均超5%。 | SFC | | --- | | 出品丨21财经客户端 21世纪经济报道 | | 21君荐读 | | 央行重磅会议，明确信贷资源重点流向 | | 白银大跌7%，特朗普：利率很快就会下调 | 贵金属、有色金属板块持续大跌，湖南白银、湖南黄金、白银有色、河钢资源等多股跌停，四川黄金、晓程科技跌超8%。 港股方面相关板块亦表现不佳，其中天齐锂业大跌近13%，万国黄金集团跌超10%，中国黄金国际、五矿资源、洛阳钼业等多股跌超7%。 消息面上，国际金银价格盘中大跳水，截至北京时间11:49， 现货白银重挫逾13%，跌破77美元关口 ，盘中最高一度触及89.56美元，SHFE白 银同步大跌近12%；现货黄金日内跌超2%，价格从最高5023美元大幅下挫，最低价格一度至4788美元/盎司。 据新浪财经报道，据CPM集团2019白银年鉴估计，全球白银开采量为175.1 ...

Group 1 - The core material for the next-generation photonic chip, thin-film lithium niobate (TFLN), is accelerating its entry into two high-growth sectors: AR glasses and high-speed optical communication [1] - The NAL project is expected to see a significant increase in lithium concentrate sales, with a 154% quarter-on-quarter rise to 66,000 tons by Q4 2025, and an average FOB price reaching $998 per ton, marking a recent high [1] - Despite short-term production pressure from high iron ore veins, the company has initiated brownfield expansions and bottleneck elimination measures, anticipating a 15-20% increase in annual production capacity by mid-2027 [1] Group 2 - North American lithium resource development is shifting from "supply assurance" to "quality improvement and efficiency enhancement," with the scarcity and accelerated technological iteration further strengthening the strategic position of rare metals in global energy transition [1] - The demand for lithium-containing functional crystals, such as lithium niobate, is rapidly migrating from traditional piezoelectric fields to high-end optoelectronic applications, continuously broadening the application boundaries of rare metals [1] - As of January 30, 2026, the top ten weighted stocks in the CSI Rare Metals Theme Index accounted for 59.71% of the index, including companies like Luoyang Molybdenum, Northern Rare Earth, and Ganfeng Lithium [1]

有色金属概念股走低，洛阳钼业跌超7%，紫金矿业、中国铝业、山东黄金、天齐锂业跌超6%。 有券商分析认为，成因主要有三个：一是美联储降息周期美元呈走弱趋势，推动以美元计价的有色金属价格上涨；二是供需缺口的支撑，铜等工 业金属面临主要矿山品位下降、边际成本抬升以及前期矿业资本开支萎缩带来的供给压力，需求端有人工智能、新能源、数据中心等基础设施建 设的带动；三是国内"反内卷"政策发力，推动过剩产能的优化，有利于促进供需平衡。 | 代码 | ਤੇ ਵੀ ਸ | 名称 | 现价 | 涨跌 | 涨跌幅 ▲ | | --- | --- | --- | --- | --- | --- | | 561330 | 主 | 矿业ETF | 2.140 | -0.143 | -6.26% | | 159690 | 主 | 有色矿业ETF招商 | 2.179 | -0.145 | -6.24% | | 159652 | 主 | 有色ETF汇添富 | 1.835 | -0.120 | -6.14% | | 159871 | 主 | 有色ETF银华 | 2.135 | -0.139 | -6.11% | | 516650 | 主 | 有色 ...

Group 1 - Gold and copper prices have declined, with COMEX gold futures dropping below $4950 and COMEX copper prices falling to $5.82. The non-ferrous metal ETF fund (516650) decreased by 6.07%, with stocks like Silver Holdings and Hunan Gold hitting the daily limit down, while companies such as Luoyang Molybdenum, Northern Copper, and Zhongfu Industrial also saw declines. However, the non-ferrous metal ETF fund has increased by 16.69% over the past month as of February 4, 2026 [1] - The Vice Secretary-General of the China Nonferrous Metals Industry Association, Duan Shaofu, announced the need to improve the copper resource reserve system during a press conference on the economic operation of the non-ferrous metals industry in 2025. Additionally, the U.S. has initiated a $12 billion critical mineral reserve plan ("Project Vault") to mitigate supply chain risks, which includes over 50 critical minerals identified by the U.S. Geological Survey, such as rare earths, lithium, and copper [1] - According to China International Capital Corporation (CICC), inventory replenishment is supporting copper prices, with strong demand for low-priced copper as downstream inventories are low. The upcoming spring peak season, combined with tight supply conditions and low TC/RC levels, is expected to further tighten copper supply and potentially increase copper prices [1] Group 2 - The non-ferrous metal ETF fund closely tracks the CSI segmented non-ferrous metal industry theme index. As of January 30, 2026, the top ten weighted stocks in the CSI segmented non-ferrous metal industry theme index (000811) include Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, China Aluminum, and Huayou Cobalt, with these ten stocks accounting for 51.85% of the total weight [2] Group 3 - The following stocks in the non-ferrous metal ETF fund experienced declines: Zijin Mining (-6.21%, 15.30% weight), Luoyang Molybdenum (-7.98%, 7.92% weight), Northern Rare Earth (-5.48%, 5.30% weight), Huayou Cobalt (-3.71%, 4.69% weight), China Aluminum (-7.22%, 4.39% weight), Ganfeng Lithium (-6.14%, 3.23% weight), Shandong Gold (-6.44%, 3.18% weight), Yun Aluminum (-5.49%, 3.11% weight), Zhongjin Gold (-6.05%, 3.08% weight), and Tianqi Lithium (-6.46%, 2.60% weight) [3]

Group 1 - The rare metal ETF (561800) has seen a recent decline, with the China Rare Metals Theme Index (930632) dropping by 4.20% as of February 5, 2026, while the ETF has experienced a 13.04% increase over the past month [1] - The top ten weighted stocks in the China Rare Metals Theme Index account for 59.71% of the index, with companies like Luoyang Molybdenum, Northern Rare Earth, and Ganfeng Lithium among the leaders [1] - The rare metal ETF has recorded a net inflow of 111.43 million yuan as of February 4, 2026, with a total of 16.18 million yuan attracted over the last ten trading days [1] Group 2 - Lithium concentrate prices have reached multi-year highs, with Pilbara Minerals reporting an average price of $1,161 per ton for Q4 2025, reflecting a 56% quarter-over-quarter increase and a 66% year-over-year increase [2] - The demand for lithium is improving due to a recovery in market conditions, reduced expectations for idle capacity, and increased purchasing willingness from downstream customers [2] - The CS Rare Metal Index tracked by the rare metal ETF primarily allocates to lithium carbonate, minor metals, and rare earths, with lithium carbonate comprising 30%-40% of the index, making it a key investment tool for market participants [2]

Core Viewpoint - The recent performance of the Huabao Nonferrous Metal ETF (159876) indicates strong investor interest in the nonferrous metal sector, with significant net subscriptions and a positive outlook for future performance despite short-term volatility [1][3]. Group 1: Market Performance - The Huabao Nonferrous Metal ETF experienced a decline of 2.66% in price, with a real-time net subscription of 15 million units and a total of 174.9 million yuan attracted yesterday [1][2]. - Over the past 20 days, the ETF has accumulated over 1.2 billion yuan, reflecting a strong belief in the sector's future performance [1]. Group 2: Sector Dynamics - Macro factors such as a slowdown in the U.S. labor market and expectations of interest rate cuts by the Federal Reserve are influencing investment strategies in the nonferrous metal sector [3]. - Mining companies are actively acquiring assets, with notable transactions including the acquisition of Brazilian gold mines by Luoyang Molybdenum and a significant purchase by Zijin Mining [3]. Group 3: Price Trends and Projections - Prices for gold, copper, aluminum, zinc, tin, and nickel have seen significant increases, positively impacting the earnings forecasts for major mining companies like Luoyang Molybdenum and Zijin Mining [3]. - Analysts predict that the high profitability in the nonferrous metal sector will be sustained for 3-5 years due to supply-demand mismatches, macroeconomic easing, and industrial upgrades [4]. Group 4: Investment Strategy - The Huabao Nonferrous Metal ETF provides comprehensive exposure to various metals, including precious and strategic metals, making it an efficient tool for investors looking to capitalize on the sector's performance [5]. - Recommendations suggest maintaining a 10%-20% allocation to the nonferrous metal sector within investment portfolios to benefit from potential price increases while managing risk [4].

今日（2月5日）揽尽有色金属行业龙头的有色ETF华宝（159876）随市盘整回调，场内价格现跌 2.66%，截至发稿，该ETF获资金实时净申购1500万份，昨天亦吸金1749万元，拉长时间来看，此前20 日累计狂揽超12亿元，反映资金看好有色金属板块后市表现，持续进场布局！ 成份股方面，钢研高纳领涨超2%，宝钛股份涨逾1%，西部超导飘红，其余57股尽墨。湖南白银、白银 有色跌超7%，湖南黄金、赣锋锂业等个股跌逾3%，跌幅居前，拖累指数表现。 | | 分时 多日 1分 5分 15分 30分 · | F9 盘前盘后 强加 九转 面线 工具 @ 2 | 有色ETF华宇 | | 159876 | | --- | --- | --- | --- | --- | --- | | | 159876[有色ETF华室] 09:53 价 1.135 涨跌 -0.031(-2.66%) 均价 1.140 成交量 9 1,200 | 2,9296 | | | -0.031 -2.66% | | 分析图 | | | SZSE CNY 9:53:03 交易中 | | 0 / 0 + | | | 1.193 | 2.3396 | 净值走势 ...

Group 1 - The Hong Kong stock market's non-ferrous metal sector experienced significant declines, with Tianqi Lithium Industries (09696.HK) dropping over 10% [1] - Ganfeng Lithium (01772.HK) and Minmetals Resources (01208.HK) both fell by more than 5% [1] - Other companies such as Jiangxi Copper (00358.HK), Luoyang Molybdenum (03993.HK), and Zijin Mining International (02259.HK) also saw declines [1]