Geopolitical conflicts ease, the non-ferrous metals sector rebounds, and the Guotai (159881) non-ferrous metals ETF rises over 1.8%.

Geopolitical conflicts ease, the non-ferrous metals sector rebounds, and on April 1st, the non-ferrous metals ETF Guotai (159881) rose over 1.8%.

China Securities Journal points out that the narrative of the rise of physical assets worldwide has not ended. Under the backdrop of global turbulence, energy security has become especially important, with copper, aluminum, gold, and other commodities being prioritized. The non-ferrous metals sector has faced multiple headwinds in the past. The core contradiction lies in the escalation of the US-Iran conflict, which reversed the previous “weak dollar” narrative, leading to expectations of a contraction in overall dollar liquidity and structural redistribution. This may be the main reason for the sector’s decline, rather than a “recession.” Currently, the market’s pricing of the Federal Reserve’s monetary tightening is quite extreme, noticeably more pessimistic than the Fed’s own stance. This expectation gap itself offers potential for correction. Meanwhile, US inflation is unlikely to rise significantly. Therefore, the reversal of the past decline in non-ferrous metals may be imminent. Against the backdrop of growing concerns over global energy security, China’s manufacturing industry, as a stabilizer of the global supply chain, is beginning to be revalued.

The non-ferrous metals ETF Guotai (159881) tracks the CSI Non-Ferrous Metal Index (930708), which selects representative listed companies within the non-ferrous metals industry from China’s A-share market as index samples. The index covers multiple sub-sectors, including precious metals, industrial metals, and rare metals, to reflect the overall performance of listed companies related to non-ferrous metals.

Risk reminder: Mentioning individual stocks is solely for industry event analysis and does not constitute any stock recommendation or investment advice. Short-term fluctuations of the index are for reference only and do not predict future performance, nor do they constitute a promise or guarantee of fund performance. Opinions may change with market conditions and do not constitute investment advice or commitments. Different funds have different risk-return profiles; investors should carefully read the fund’s legal documents, fully understand the product features, risk levels, and distribution principles, and choose products that match their risk tolerance, investing cautiously.

Daily Economic News