Color ETF Taikang rose over 4% at the peak during trading, geopolitical risks eased, and the non-ferrous metals sector rebounded sharply.

As of March 25, 2026, 10:38 AM, the nonferrous metals ETF Taikang (159163) briefly rose over 4% during the trading session. It is now up 2.51%, with an intraday turnover rate of 4.05% and a trading volume of 8.2466 million yuan. The tracking index, the CSI Nonferrous Metals Mining Theme Index (931892), surged 2.46%. The constituent stocks showed strong gains: Zijin Mining increased by 6.98%, Yunnan Germanium by 5.64%, Xingye Silver and Tin by 5.36%, and stocks such as China Gold and Shanjin International also followed the upward trend.

As signs of easing in the geopolitical situation emerge, crude oil prices have plummeted, and gold and silver have rebounded. On the news front, the U.S. government has proposed a conflict-ending plan to Iran that includes 15 conditions. The U.S. is considering pushing for a one-month ceasefire and negotiating based on the above terms.

CITIC Securities believes that after the significant rally in 2025, the upward momentum for nonferrous metal prices and the stock market remains sufficient. Supply disruptions, localized high demand, and stockpiling behaviors provide strong support for metal prices. Additionally, increased trading activity driven by ample liquidity and heightened risk-averse sentiment due to geopolitical conflicts are expected to amplify the price elasticity of metals. The firm remains optimistic about the allocation value of precious metals, industrial metals, battery metals, and strategic metals sectors.

The Taikang nonferrous metals ETF (159163) closely tracks the CSI Nonferrous Metals Mining Theme Index. This index selects 40 listed companies within the nonferrous metals industry that have mineral resource reserves of nonferrous metals as its sample stocks, reflecting the overall performance of listed companies in the nonferrous metals mining sector.

Data show that as of February 27, 2026, the top ten holdings of the CSI Nonferrous Metals Mining Theme Index (931892) are Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, Huayou Cobalt, Aluminum Corporation of China, China Gold, Shandong Gold, Ganfeng Lithium, Xingye Silver and Tin, and Xiamen Tungsten. The combined weight of these top ten stocks accounts for 52.57%. (The stocks listed above are only index components and do not constitute specific recommendations.)