The target index rose over 1% during trading, and the TiHong Nonferrous Metals ETF (159157) has continuously attracted over 6.4 billion yuan since its listing! Institutions believe that the fundamental logic for copper in the second quarter has been significantly strengthened.

On May 11, the three major indices all rose collectively, with the Shanghai Composite breaking through 4,200 points during the trading session. As of the time of publication, the CSI Industrial Nonferrous Metals Sector Index (H11059.CSI) increased by 1.05%. Among its constituent stocks, China Rare Earth, Northern Rare Earth, and Shenghe Resources all rose over 4%, Chihong Zinc & Germanium and Tin Industry Holdings increased over 3%, and Jinli Permanent Magnet rose nearly 3%.

Regarding related ETFs, Silver Metal ETF Tianhong (159157) had a trading volume of 28.9754 million yuan during the session. In terms of capital inflow, as of the previous trading day, this ETF has continuously attracted funds for 56 trading days since its listing, with a total inflow of over 6.4 billion yuan. The latest circulating shares of this ETF are 7.76 billion, with a latest circulating scale of 7.36B yuan.

Silver Metal ETF Tianhong (159157) is a scarce ETF product in the market that tracks the CSI Industrial Nonferrous Metals Sector Index, providing investors with a one-stop efficient solution for positioning in this field. Off-market investors can also participate through the connection (Type A: 017192; Type C: 017193) to seize the opportunities of the co-movement of the cycle and policy dividends.

On the news front, on May 8 local time, most London base metals declined. Among them, LME copper rose 1.06% to $13,535.5 per ton, up 4.15% over the past week.

CITIC Securities pointed out that, since the second quarter, domestic copper inventories have been rapidly depleted, demonstrating a significant recovery in demand. Meanwhile, supply disruptions have intensified again, clearly strengthening the fundamental logic for copper. It is expected that by the second quarter of 2026, copper prices may stabilize above $13,000 per ton, and after previous adjustments, the valuation of copper sector stocks is already at a relatively low level, improving the cost-effectiveness of sector allocation. The sector is optimistic about returning to the main investment theme in the market by the second quarter of 2026.