Today (November 13), the nonferrous metals sector led the market rally, with the Nonferrous Leaders ETF (159876), which aggregates industry leaders, surging in early trading. Its intraday gain peaked at 3.79%, currently up 3.57%, firmly holding above all moving averages.

Among constituent stocks, Guocheng Mining rose over 9%, Yongxing Materials gained more than 7%, while Yahua Group, Xingye Yinshi, and Shengtan Lithium followed with significant increases. Heavyweight stocks such as Zijin Mining and Luoyang Molybdenum surged over 3%, while Northern Rare Earth and Shandong Gold climbed more than 1%.

Dongfang Securities noted that amid global monetary easing, heightened strategic importance of resources, and industrial transformation, nonferrous metals have entered a new cycle driven by tight supply-demand balance, exhibiting relatively independent trends. Key focuses include gold, lithium/rare earth/tungsten, and base metals like copper and aluminum.

Notably, compared to peers, the Nonferrous Leaders ETF (159876) has two key advantages: 1. **Superior Long-Term Returns**: Since its inception, the ETF’s underlying index has surged 181.27%, significantly outperforming comparable indices like the Nonferrous Metals Index (164.89%), Industrial Nonferrous Index (156.47%), and Guozheng Nonferrous Index (174.65%).

2. **Strong and Sustained Growth**: In 2025, the ETF’s index is projected to achieve a 54.5% YoY net profit growth, ranking top among peers. By 2026, it is expected to maintain leadership with a 21.0% growth rate, highlighting robust mid-term potential compared to other nonferrous indices and the CSI 300 benchmark.

**The "Metal Heart" of Future Industries, the "Golden Blood" of Modern Industry** Given divergent cycles and drivers across metals, a diversified approach via broad sector exposure can better capture beta opportunities. The Nonferrous Leaders ETF (159876) and its linked funds (Class A: 017140, Class C: 017141) track the CSI Nonferrous Metals Index, with copper (27.7%), aluminum (14.4%), gold (13.2%), rare earths (10.2%), and lithium (9.1%) as top holdings as of October. This diversification mitigates single-metal risks, making it suitable for portfolio allocation.

**Risk Disclosure**: The ETF tracks the CSI Nonferrous Metals Index (base date: December 31, 2013; launch: July 13, 2015). Past annual returns: 2020 (+35.84%), 2021 (+35.89%), 2022 (-19.22%), 2023 (-10.43%), 2024 (+2.96%). Index composition may change per rules; historical performance does not guarantee future results. Constituent stocks are illustrative and not investment advice or indicative of fund holdings. The fund is rated R3 (moderate risk) for balanced (C3) or higher risk-profile investors. All information herein is for reference only; investors assume full responsibility for decisions. No liability is accepted for direct/indirect losses arising from use of this content. Past performance ≠ future results; investing involves risks.