Color ETF Penghua rises nearly 1%, supply-side disruptions boost aluminum concept in the afternoon.

Ask AI · How Middle East tensions could catalyze a global rise in aluminum prices?

Nonferrous · Aluminum-related concepts strengthened in the afternoon. On the news front, analysts expect that if the Middle East conflict continues and the Strait of Hormuz remains unable to resume navigation for a prolonged period, the global aluminum market in 2026 may show a clear supply-and-demand shortfall. Goldman Sachs also expects that in Q2 2026, the global aluminum market will face a supply gap of around 0.9 million tons.

CITIC Securities believes that attacks successively targeting Middle East aluminum makers—UAE EGA and Bahrain Alba—have expanded Middle East production cuts. Combined with the arrival of China’s April traditional peak consumption season and a rebound in downstream operating rates, aluminum prices’ elasticity has been significantly enhanced. At the same time, copper concentrate processing fees (TC) have further fallen to -77.91 US dollars per dry ton, and Eiffenhouw has lowered its 2026 production guidance. With supply as a hard constraint, copper prices have a solid basis for trading with an upward tilt during fluctuations.

As of 14:41 on April 7, 2026, the Guotai Nonferrous Metals Industry Index (399395) rose 0.85%. Among constituent stocks, rare earths rose 10.01%, Shenghe Resources rose 5.33%, Tianshan Aluminum rose 5.15%, Zhongfu Industrial rose 4.89%, Northern Rare Earths rose 4.77%. The nonferrous ETF Penghua (159880) rose 0.90%, with the latest price at 2.01 yuan.

The nonferrous ETF Penghua closely tracks the Guotai Nonferrous Metals Industry Index. The Guotai Nonferrous Metals Industry Index follows the Guotai industry classification standards, selecting 50 securities with prominent scale and liquidity that belong to the nonferrous metals industry as samples. It reflects the overall return performance of listed companies in the nonferrous metals industry across the Shanghai, Shenzhen, and Beijing exchanges, and provides the market with an index-based investment product for the segmented industry.

Data shows that as of March 31, 2026, the top 10 stocks by weight in the Guotai Nonferrous Metals Industry Index (399395) are Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, China Aluminum, Huayou Cobalt, Ganfeng Lithium, China Gold International, Shandong Gold, Yunnan Aluminum, and Chifeng Gold. The combined share of the top 10 weighted stocks is 49.08%.

Nonferrous ETF Penghua (159880), over-the-counter connection (A: 021296; C: 021297; I: 022886).