Copper prices continue to strengthen, Industrial Non-ferrous ETF Huaxia (515040) rose over 3%, hitting a 4-day winning streak.

A-share markets opened with mixed gains and losses in the morning, with the industrial non-ferrous metals sector surging higher. As of 10:41, the CSI Industrial Non-Ferrous Metals Theme Index rose strongly by 3.20%. Component stocks included China Rare Earth (up 10%), Western Mining (up nearly 8%), Jiangxi Copper (following with a gain over 7%), Huayou Cobalt, and Northern Rare Earth, among others. The Industrial Non-Ferrous ETF Huaxia (515040) rose 3.05%, aiming for a fourth consecutive day of gains. Looking at a longer timeframe, as of August 6, 2026, the Industrial Non-Ferrous ETF Huaxia had accumulated a 9.52% increase over the past week.

In terms of news, on August 6, the Democratic Republic of Congo issued a new administrative order banning the export of copper and cobite concentrates. Data shows that the DRC is the world's largest cobalt producer and the second-largest copper producer. Driven by concerns over US copper tariffs, a rush to buy copper has emerged in the US. Catalyzed by these dual positive factors, London copper prices touched $14,222 per ton during the Asian session opening on August 7, setting a new all-time high record. Additionally, data from the China Nonferrous Metals Industry Association released on August 7 showed that revenue for above-scale non-ferrous enterprises in the first half of the year reached 5.77 trillion yuan (+21.7% YoY), with total profits amounting to 418.39 billion yuan (+94.0% YoY).

CITIC Securities pointed out that the export ban on copper mines in the DRC has sparked bullish sentiment, with copper prices expected to challenge $15,000 per ton. The copper sector is poised for a resonance-driven rise in both valuation and earnings. Amidst supply disruptions and cooling interest rate hike expectations, the window for allocating industrial metals has opened.

The Industrial Non-Ferrous ETF Huaxia (515040) contains over 60% industrial metals such as copper, aluminum, lead, and zinc. It is suitable for investors who are optimistic about the recovery of manufacturing and the upstream resource demand of the new energy and AI industries, offering the lowest fee rate among similar products in the market.