来源：ETF洞察 【导读】今日有色ETF强势霸榜！有跨境ETF狂拉7% 中国基金报记者王思文 大家好！这里是ETF洞察。今天我们来聊聊稀土相关ETF。 先来看日涨幅数据： 2月25日，A股市场大涨，三大指数涨幅一度超过1%，稀土板块强势拉升，涨幅高达8%，小金属、稀有金属、钴矿、锂矿等板块同步走强；影视板块再度 下挫。 ETF市场火爆，当日全市场共有1052只ETF上涨，最高涨幅达7.26%！多只稀土、稀有金属、有色相关ETF涨幅居前，巴西ETF在跨境ETF中一马当先。 | | | | | 2月25日ETF涨幅排名情况一览 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 代码 | 名称 | 涨跌幅 | 溢折率 | 成交额 | 换手率 | 年初至今 | 管理公司 | 跟踪指数名称 | | 520870.SH | 巴西ETF易方达 | 7.26% | 9.21% | 11.09亿 | 206.28% | 36.55% | 易方达基金 | 巴西IBOVESPA指数 | | 159715.SZ | 稀土ETF易方达 | 6.25% ...

| 集团概况 | | --- | | 董事长致辞 | | 集团简介 | | 发展历程 | | 发展规划 | | 组织架构 | | 子公司名单 | | 领导关怀 | | 联系我们 | 剑 您的位置:首页 >> 集团概况 >> 正文 白银有色集团股份有限公司简介 白银有色集团股份有限公司(以下简称"白银有色")的前身是白银有色金属公司,成立于1954年，是国家"一五"时期 156个重点建设项目之一，新中国重要的有色金属基地。70年来，为中国有色工业和地方经济发展做出了重要贡献。2008年，白 银有色引进中信战略投资实施股份制改造。2017年2月15日，白银有色在上交所成功实现首发整体上市 ，〈股票名称：白银有 色,股票代码:601212)。 齐鲁晚报·齐鲁壹点记者从信用中国获悉，白银有色（601212）集团股份有限公司铜业公司因生产安全事故，被白银市应急管理局罚款50万元。处罚日期 为2026年1月28日。 违法事实：2025年10月20日，白银有色集团股份有限公司铜业公司发生物体打击一般事故，造成1人死亡。白银有色集团股份有限公司铜业公司对此起事 故负有责任。 白银有色（601212.SH）官网显示，白银有色集 ...

关于支持全省有色金属 产业人才队伍建设的若 干措施(试行) 大力引遊有色翁属产业 领军人才和创新创业团队▷ 对企业柔性引进高端稀土功能材料、高性能铜 基新材料、钨基高端合金材料、循环再生材料 等关键技术领域相当于省级C类以上人才 ● 按人才在赣年度计税薪酬的 30 % ●每人每年最高不超过 2 0 万元的标准给予 用人单位补贴，每人最多补贴三年 举办省高层次人才创新创业大赛 符合条件的获奖者 直接入选 "赣鄱英才计划" IN = J I L I 一图读懂 友展江不有巴苹属产业 青年科技人才队伍 > 鼓励链主企业、重大创新平台自主设立面向 有色金属青年科技人才的科研项目 ●对40岁以下青年科技人才领衔承担的项目单 设赛道，入选比例不低于50 % ● 鼓励企业招收有色金属领域博士研究生、硕 FRON STE ● 分别按每人 5 万元、 7 万元的标准给予用 人单位补贴 ● 支持链主企业在高校开设定向班 ●毕业生留企工作的,按实际学费总额的 50 o% 每人最高 ∠ 万元的标准给予用人 单位补贴 精准培育有色金属产业 AVIDEAL 上工不以几 支持链主企业牵头举办 有色金属产业企业家沙龙 学术交流 创业培训 科技 ...

Market Overview - In January 2026, the equity market experienced a strong start driven by ample liquidity and policy expectations, with major indices showing a pattern of initial gains followed by a pullback, indicating a significant increase in market risk appetite [1][10] - The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index rose by 3.76%, 5.03%, and 4.47% respectively, with the average daily trading volume in A-shares reaching a historical high of 3.04 trillion yuan, a substantial increase from December [1][10] - The Shanghai Composite Index hit a new high of 4190.87 points, but the momentum was curtailed mid-month due to regulatory adjustments and large-scale redemptions of broad-based ETFs, shifting the market from a "fast bull" to a "structural slow bull" [1][10] Sector Performance - Growth style outperformed value style, with the Sci-Tech 50 index, representing AI computing power and semiconductor equipment, surging by 12.3%, while the CSI Dividend Index only increased by 3.5% [1][10] - The non-ferrous metals sector led the gains with a 22.6% increase, driven by soaring precious metal prices and rising resource prices. The media sector benefited from the improved sentiment in AI marketing and gaming, rising by 17.9%, while the oil and petrochemical sector increased by 16.3% due to geopolitical risks pushing oil prices up [1][10] - The banking sector was the only one to experience a significant decline, dropping by 6.6% due to the impact of large ETF redemptions [1][10] Investment Outlook - In the AI sector, the increasing stock of chips has accelerated the iteration speed of AI models, with a clear trend of model differentiation. The emergence of Clawdbot highlights the strong capabilities of large models and the demand for suitable product forms [3][12] - The non-ferrous metals sector is expected to experience volatility, influenced by geopolitical events and the potential for a shift in monetary policy under the new Federal Reserve chair nomination. Despite short-term corrections, the long-term upward trend for precious and non-ferrous metals is anticipated to continue due to ongoing central bank gold purchases and supply constraints [4][13] Investment Strategy - The company maintains an optimistic outlook for the 2026 equity market while remaining vigilant about potential risk events. A proactive and diversified investment approach is recommended to retain flexibility for timely responses [5][14] - Key focus areas include AI-driven technological innovation, which is expected to continue evolving rapidly, and the infrastructure supporting AI applications, such as GPUs and power supply [5][14] - The insurance sector is highlighted for its growth potential due to rapid increases in liabilities and sustainable investment returns [6][14] - There is a positive long-term outlook for gold, copper, aluminum, and rare metals, with caution advised regarding short-term price reactions in futures and stock prices [6][14] - Continued attention is recommended for the lithium battery supply chain, internet, gaming, and offshore wind industries [7][15]

Group 1 - Copper prices rebounded by as much as 4.9% to $13,526 a ton on the London Metal Exchange after an 11% decline from a record high [1] - The China Nonferrous Metals Industry Association called for an expansion of strategic reserves and collaboration with state-owned producers to increase commercial stockpiles [1] - Signs of dip-buying from investors in China, the largest consumer of copper, contributed to the price rally as fabricators returned to the market to replenish stocks ahead of the Lunar New Year [2] Group 2 - Fabricators are willing to buy copper when prices correct by more than 10%, indicating strong fundamental support for the metal [3] - Investor interest in metals has surged due to doubts about the US dollar and a shift away from currencies and sovereign bonds, leading to significant price rallies in January [3] - However, drivers for further price increases have weakened due to uncertainty over US monetary policy and reduced risks of a supply squeeze on the LME [4] Group 3 - Spot prices are trading at a discount to the three-month benchmark contract on the LME, indicating ample near-term supplies [5] - Large premiums on Comex contracts over LME contracts have diminished, which may discourage metal flows to the US ahead of potential import tariffs [5]

Group 1 - The core viewpoint of the news highlights a significant surge in the non-ferrous metal sector driven by rising risk aversion and expectations of interest rate cuts, with the Penghua Non-Ferrous ETF (159880) rising over 7.3% and 14 constituent stocks hitting the daily limit up [1] - Southwest Securities indicates that both precious metals and industrial copper sectors are showing positive expansion, with resource-advantaged companies continuously increasing reserves and production, and upcoming production from marine gold mining projects [1] - As of January 28, 2026, the Guozheng Non-Ferrous Metal Industry Index (399395) has surged by 6.31%, with significant gains in constituent stocks such as Silver Non-Ferrous (up 10.04%), China Aluminum (up 10.02%), and Yunnan Copper (up 10.02%) [1] Group 2 - As of December 31, 2025, the top ten weighted stocks in the Guozheng Non-Ferrous Metal Industry Index (399395) include Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, and others, collectively accounting for 51.65% of the index [2] - The Penghua Non-Ferrous ETF (159880) closely tracks the Guozheng Non-Ferrous Metal Industry Index, which selects 50 securities from the non-ferrous metal industry based on size and liquidity, reflecting the overall performance of listed companies in this sector [1][2]

Core Viewpoint - The non-ferrous metal ETF (512400) has seen significant gains, driven by geopolitical risks and macroeconomic factors, leading to a bullish outlook for precious metals and industrial metals [1][2][3]. Non-Ferrous Metals Sector Overview - The non-ferrous metal ETF (512400) rose by 6.78%, with a trading volume of 3.385 billion yuan, reflecting strong investor interest [1]. - The ETF has experienced continuous net inflows over the past 17 days, indicating robust demand [2]. Precious Metals - Precious metals are entering a historic bull market due to multiple factors, including the sell-off of dollar assets, escalating geopolitical conflicts, and increased central bank gold purchases [3]. - Central banks, including the People's Bank of China, have been increasing gold reserves for 14 consecutive months, providing strong support for gold prices [3]. - Despite expectations of a Federal Reserve rate cut in the second half of 2026, current demand for safe-haven assets is dominating the market [3]. Industrial Metals - Industrial metals are facing seasonal inventory accumulation but are supported by extreme shortages at the mining level and low global inventories [3]. - Copper prices are resilient due to strong pre-holiday stocking by downstream industries, with a significant supply gap expected in the first half of the year [3]. - Aluminum prices are expected to rebound due to low global inventories and strong demand driven by investments in power grids and solar energy [3]. New Energy and Minor Metals - Strategic resource attributes of metals like lithium and cobalt are becoming more prominent due to geopolitical tensions [4]. - The Democratic Republic of Congo's submission of a list of strategic assets, including copper, cobalt, and lithium, underscores the importance of these resources [4]. - Although cobalt prices have slightly declined, the structural supply tightness remains, supporting a long-term bullish outlook [4]. Overall Sector Logic - The logic of the non-ferrous metals sector is shifting from a simple supply-demand dynamic to a focus on macroeconomic risks and strategic resource security [5]. - The index for non-ferrous metals reflects the performance of 50 listed companies in the sector, with major constituents including Zijin Mining, Luoyang Molybdenum, and China Aluminum [5].

Group 1: Company Overview - The company primarily engages in the research, production, sales, and import-export of tantalum and niobium and their products, which are widely used in electronics, communications, aerospace, metallurgy, petroleum, chemical, lighting, medical, and nuclear energy sectors [2][3]. Group 2: Product Capabilities - The company has a complete production line for tantalum powder and wire, with products meeting international standards in technology, quality, and product grade, mainly used in tantalum capacitors and electronic components [3]. - In the field of tantalum and niobium pyrometallurgy, the company has mature production lines for a variety of products, including tantalum and niobium ingots, tantalum-niobium carbides, and various tantalum and niobium bars [3]. Group 3: Capital Increase Progress - As of January 7, 2026, the company received a notice from the Shenzhen Stock Exchange indicating that it meets the conditions for issuing shares to specific investors, pending approval from the China Securities Regulatory Commission (CSRC) [4]. Group 4: Raw Material Security - The company has established a global procurement system for tantalum and niobium concentrates, securing core raw material sources through long-term partnerships with reputable traders [5]. - A strategic acquisition of a stake in Taboca Mining Company in Brazil was completed, with a contract signed to purchase approximately 3,000 tons of iron niobium tantalum alloy raw materials for an estimated amount of 540 million RMB, enhancing the company's control over raw material supply [5]. Group 5: Recycling and Sustainability - The company is implementing a closed-loop recycling model across its production processes, covering all stages from production to recycling of tantalum and niobium metal waste, thereby maximizing resource utilization efficiency [6][7].

Group 1 - The core viewpoint of the news highlights a general increase in non-ferrous metals, with significant price movements observed in various metals such as tin, nickel, and silver [1] - The LME copper price rose by $24, reaching $13,188 per ton, while LME aluminum fell by $12 to $3,186 per ton [1] - The international geopolitical tensions are driving safe-haven investments and central bank allocations towards gold, reinforcing a bullish trend in precious metals [1] Group 2 - The China Securities Non-Ferrous Metals Industry Index (399395) saw a strong increase of 1.55%, with notable gains in stocks such as Huayou Cobalt, which rose by 7.20%, and Yunnan Tin, which increased by 5.32% [1] - The Penghua Non-Ferrous ETF closely tracks the China Securities Non-Ferrous Metals Industry Index, which includes 50 prominent securities in the non-ferrous metals sector, reflecting the overall performance of listed companies in this industry [2] - As of December 31, 2025, the top ten weighted stocks in the index account for 51.65% of the total, including companies like Zijin Mining and China Northern Rare Earth [2]

Core Viewpoint - The non-ferrous metal ETF fund has shown strong performance, with significant inflows and a notable increase in net asset value, driven by rising prices of gold and copper [1][2]. Group 1: ETF Performance - As of January 12, the non-ferrous metal ETF fund has achieved a net inflow of 71.63 billion yuan over the past 13 days, reaching a total size of 105.80 billion yuan, a record high since its inception [1]. - The fund's net value has increased by 135.12% over the past two years, ranking 79th out of 2510 index stock funds, placing it in the top 3.15% [1]. - The fund has recorded a maximum monthly return of 27.00% since its inception, with the longest consecutive monthly gains being 6 months and a maximum cumulative increase of 69.57% [1]. Group 2: Index Composition - The non-ferrous metal ETF closely tracks the CSI Non-Ferrous Metal Industry Theme Index, focusing on metals such as gold, copper, aluminum, rare earths, tungsten, molybdenum, lithium, and cobalt [2]. - The weightings of key metals in the ETF are as follows: copper 33.8%, aluminum 15.7%, gold 11.9%, rare earths 8.9%, and lithium 6.8%, with a total of 61.29% in copper, aluminum, and gold, the highest among all ETFs [2]. - As of December 31, 2025, the top ten weighted stocks in the index include Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, and others, collectively accounting for 52.98% of the index [2]. Group 3: Stock Performance - Key stocks within the ETF include Zijin Mining with a 2.60% increase and a weight of 16.32%, Northern Rare Earth with a 2.80% decrease and a weight of 6.60%, and Ganfeng Lithium with a 4.99% increase and a weight of 3.72% [3]. - Other notable stocks include Shandong Gold with a 3.18% increase and a weight of 3.85%, and Tianqi Lithium with a 3.02% increase and a weight of 2.66% [3].