Rare earths and aluminum concepts fluctuate, and among the holdings of the China Securities ETF (516650), rare metals hit the daily limit.

MaticHoleFiller · 2026-04-11T18:24:03+00:00

As of April 7, 2026, the non-ferrous metal ETFs by Huaxia are rising, and rare earth and aluminum concept stocks are generally increasing. The supply of copper concentrate is tight, leading to a rebound in copper prices. The aluminum market faces supply and demand imbalance, with futures prices approaching production costs. Recently, there has been a significant net inflow of funds, with attention on the Middle East situation and the impact of new capacity releases.

MaticHoleFiller

2026-04-11 18:24:03

Abstract generation in progress

As of April 7, 2026, rare earth and aluminum concepts showed afternoon fluctuations. As of 14:01, the China Securities Index ETF for Nonferrous Metals (516650) rose by 1.04%. Among its holdings, rare metals hit the daily limit, Shenghe Resources rose 5.82%, Tianshan Aluminum increased 5.55%, and stocks such as Zhongfu Industrial and Northern Rare Earth also gained. Statistics show that the China Securities Index ETF for Nonferrous Metals (516650) experienced net capital inflows on 3 of the past 4 trading days, totaling 228 million yuan in “fund attraction.”

The supply shortage of copper concentrates has intensified. The flagship mine Kamoa-Kakula of Eifannhao Mining significantly lowered its production guidance, mainly due to underground mine restoration and sulfuric acid supply shortages. Additionally, Chilean mines have sharply reduced output due to declining ore grades and poor performance of key mines. Domestic resource arrivals at ports have decreased, port ore inventories are at low levels, processing fees have fallen further, and supply-demand tightness expectations support a recovery and rise in copper prices.

For Shanghai aluminum and alumina, the Middle East situation remains uncertain. Market expectations fluctuate, and attention is still needed on the development of the situation. Regarding alumina, the oversupply pattern remains difficult to change, and market expectations for new capacity releases have increased recently, adding to supply pressure. However, current futures prices are close to production costs, with basis continuing to narrow, and further downward momentum may be limited.

The China Securities Index ETF for Nonferrous Metals (516650) closely tracks the CSI Sub-Index of Nonferrous Metal Industry Themes. As of March 31, 2026, the top ten holdings in the index are Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, China Aluminum, Huayou Cobalt, Ganfeng Lithium, Zhongjin Gold, Shandong Gold, Chifeng Gold, and Yunnan Aluminum. The combined weight of these top ten stocks accounts for 50.78%.

(The stocks listed above are only index components and are not specifically recommended.)

The China Securities Index ETF for Nonferrous Metals (516650) is connected off-market with Huaxia Nonferrous Metals ETF Connection A: 016707; Huaxia Nonferrous Metals ETF Connection C: 016708; Huaxia Nonferrous Metals ETF Connection D: 021534.

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