Iran and U.S. “ceasefire for two weeks,” Nonferrous Metals ETF, Invesco (560290) is up nearly 5%!

On April 8, as of 13:00, the Invesco Perpetual Nonferrous Metals ETF (560290) rose 5.61%. Among the constituent stocks, Luoyang Molybdenum, Zijin Mining of Gold, and others rose by more than 8%, and Chifeng Gold rose by more than 7%. Ganfeng Lithium rose by more than 1%.

In the news, on April 8, the situation in the Middle East eased. “Mei-Yi” reached a two-week ceasefire agreement, and the Strait of Hormuz was fully reopened. Boosted by this positive development, global risk appetite rebounded, and gold, copper, aluminum, rare earths, and other commodities all strengthened across the board. In the A-share market, the nonferrous metals sector collectively rebounded sharply and surged higher in the morning.

China Securities Co., Ltd. (Huatai) is optimistic about opportunities for a rebound in the nonferrous metals sector after oversold conditions: for gold, historical patterns show that after geopolitical conflicts end, prices often rebound quickly, and continuous central bank gold purchases provide bottom support for gold prices; for industrial metals, on the copper side, supply at the mine level is relatively tight and domestic inventories are being reduced; on the aluminum side, the risk of Middle East production capacity has not yet been fully priced in, and both fundamental supports remain intact. For minor metals, products such as rare earths, tungsten, molybdenum, cobalt, and others are catalyzed by geopolitical conflicts; expectations for strategic reserves and replenishment of defense-industry inventories continue to be strengthened. Supply is highly concentrated domestically, and external shocks are difficult to replace, making downside resilience and the value for mid-term allocation even more prominent. Overall, after oversold conditions, the rebound and restoration opportunities are worth actively watching.

Target the CSI Nonferrous Metals Mining Theme Index—one-click to build a portfolio of upstream resource leaders! The Invesco Perpetual Nonferrous Metals ETF (560290) tracks the CSI Nonferrous Metals Mining Theme Index. It selects listed companies focused on owning nonferrous metals mineral resource reserves, with strong “hard power” among constituent stocks. Compared with similar indices, its sector coverage is more focused on upstream mining. It does not include downstream application segments such as aerospace equipment and semiconductor materials, making its resource attributes more prominent.

Constituent stocks cover major industrial metals such as copper, lithium, rare earths, cobalt, and aluminum, as well as precious metals such as gold and silver. In the form of an “industrial metals + precious metals” combination, during demand-driven periods in new energy and high-end manufacturing, its upside elasticity can be fully released, while precious metals assets such as gold provide defensive attributes. With multiple positive catalysts converging right now, it may be a good time to allocate to the nonferrous metals sector.

The above data source: Wind, public information, as of 2026/4/7. Risk warning: The market is risky, and investment requires caution!