Core Insights - The article highlights a strong performance in the non-ferrous metal sector, particularly with the China Rare Earth (000831) stock hitting the daily limit up and Jiangxi Copper rising by 8.09% [3] - The non-ferrous metal ETF (516650) has seen a significant increase, with a 3.70% rise and a total share count reaching 197 million, marking a new high in nearly a year [3] - The ETF has experienced continuous net inflows over the past five days, totaling 65.65 million yuan, indicating strong investor interest [3] - The one-year net value of the non-ferrous metal ETF has increased by 54.45%, showcasing its robust performance [3] Performance Metrics - The non-ferrous metal ETF has achieved a maximum monthly return of 27.00% since its inception, with the longest consecutive monthly gains being four months and a maximum increase of 28.64% [3] - The average monthly return during the rising months is 9.13%, and the ETF has outperformed its benchmark with an annualized return of 13.14% over the last three months, ranking in the top half of comparable funds [3] - The Sharpe ratio for the ETF over the past year stands at 1.60, indicating the highest return for a given level of risk among comparable funds [3] Fee Structure - The management fee for the non-ferrous metal ETF is 0.50%, and the custody fee is 0.10%, which are the lowest among comparable funds [4] Market Dynamics - The implementation of the "Interim Measures for Total Control of Rare Earth Mining and Separation" has strengthened the government's control over rare earth supply and pricing, leading to a clearer global monopoly in the rare earth industry [4] - The demand for rare earth magnetic materials is expected to increase in the second half of the year due to recovery in exports and the traditional peak season for the magnetic materials industry [4] ETF Composition - As of July 31, 2025, the top ten weighted stocks in the non-ferrous metal ETF include Zijin Mining, Northern Rare Earth, and Luoyang Molybdenum, collectively accounting for 50.84% of the index [6]