Signs of a reversal in US-Iran negotiations, Industrial Metals and Non-Ferrous ETF BoShi opens high and rises nearly 5%

Ask AI · Why did easing in the U.S.-Iran negotiations trigger a surge in industrial metals ETFs?

As of 2026-04-08 09:48, the CSI Industrial Nonferrous Metals Thematic Index (H11059) is strongly up 5.09%. Among constituent stocks, Xingye Silver & Tin is up 10.00%, Jin Chengxin is up 7.91%, Luoyang Mo is up 7.44%, West Mining and Zijin Mining are also moving higher. The Bosera Industrial Nonferrous Metals ETF (159171) is up 4.90%, with the latest price at 0.86 yuan. Looking over a longer period of time, as of 2026-04-07, the Bosera Industrial Nonferrous Metals ETF has gained 0.99% over the past week.

In terms of liquidity, during intraday trading, the Bosera Industrial Nonferrous Metals ETF had a turnover rate of 0.66%, with trading volume of 1.4919 million yuan. Looking over a longer period of time, as of 2026-04-07, the Bosera Industrial Nonferrous Metals ETF’s average daily trading value over the past year was 15.0438 million yuan.

On the news front, there are signals of a reversal in the U.S.-Iran negotiation stalemate, with U.S. stocks erasing their losses at Tuesday’s close. After hours, TACO was also seen again: U.S. stock index futures surged, oil prices tumbled sharply, and gold and silver jumped higher. Trump accepted a two-week ceasefire, saying Iran agreed to open the Strait of Hormuz, and Iran accepted the ceasefire proposal put forward by Pakistan.

Shen Yin Wanguo Futures said that as U.S.-Iran tensions ease, suppressing factors for precious metals are being relieved. From a medium- to long-term perspective, the central price level of precious metals will continue to move higher. On one hand, the central level of geopolitical risk is being lifted, and the restructuring of the global political and economic order is still ongoing. On the other hand, concerns about the United States’ fiscal sustainability in the market are intensifying further; the de-dollarization process will continue to advance, and global central banks will continue to increase their gold reserves. The long-term upward trend of gold remains unchanged. Silver, platinum, and palladium—industrial attributes and financial attributes—are expected to resonate together, tracking the overall sector trend, though the magnitude of volatility will be relatively larger.

In addition, recently, the prices of rare earths and tin have returned to an upward channel, and a short-term pullback in tungsten prices does not change the medium- and long-term supply-demand situation strongly resonating. CICC Securities said that the price of praseodymium-neodymium oxide rose 7.16% month over month, and since the beginning of the year the central price level has continued to rise, closely related to the推进 implementation of supply-side reform policies in 2024–2025. The price of tin ingots rose 6.70% month over month; the pace of destocking exceeded expectations. On top of that, Indonesia is considering restricting the export of tin raw materials, which may lead to a shift in the industrial chain and create replenishment demand for tin material processing enterprises. Although the price of tungsten concentrates decreased 5.82% month over month, mainly due to traders taking profits, and in addition, Ganzhou has carried out a special action to crack down on illegal mining-related criminal activities, combined with a priority increase for overseas strategic inventory building. The fundamentals of tungsten supply and demand are now entering a period of strong resonance.

The Bosera Industrial Nonferrous Metals ETF tracks closely the CSI Industrial Nonferrous Metals Thematic Index. The CSI Industrial Nonferrous Metals Thematic Index selects securities of 30 large-cap listed companies whose businesses involve industries such as copper, aluminum, lead-zinc, and rare earth metals as index samples, to reflect the overall performance of securities of listed companies in the industrial nonferrous metals theme.

Data show that as of 2026-03-31, the top ten weight stocks of the CSI Industrial Nonferrous Metals Thematic Index (H11059) are, respectively, Luoyang Mo, Northern Rare Earth, China Aluminum, Yunnan Aluminum Co., Xiamen Tungsten, Xingye Silver & Tin, Tianshan Aluminum, Shenhuo Co., Tongling Nonferrous, and Dongyangguang. The combined weight of the top ten stocks accounts for 54.07%.

(Individual stocks mentioned in the article are for illustrative purposes only and do not constitute actual investment advice. Funds involve risk; invest cautiously.)

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