Iron-Lithium Industry Profit Expected to Welcome Cyclical Inflection Point,China Southern CSI SWS Non-Ferrous Metal ETF (512400) Up 0.99%, Aiming for Third Consecutive Gain

NewTimeSpace News - As of 14:20 on January 13, 2026, Metal ETF (512400) rose 0.99%, aiming for its third consecutive gain, with the latest price at 2.14 yuan. Over a longer timeframe, as of January 12, 2026, Metal ETF accumulated a 6.92% gain over the past week. (The stocks listed above are index constituents only and do not constitute specific recommendations.)

In terms of liquidity, Metal ETF recorded an intraday turnover rate of 7.53% and trading volume of 2.131 billion yuan. Over a longer period, as of January 12, its average daily trading volume reached 1.965 billion yuan over the past week.

Scale-wise, Metal ETF's latest size hit 27.653 billion yuan, hitting a one-year high. (Data source: Wind)

In terms of shares outstanding, Metal ETF's latest share count reached 13.093 billion units, hitting a one-year high. (Data source: Wind)

Regarding capital flows, Metal ETF saw consecutive net capital inflows for the past 6 days, with the highest single-day net inflow of 1.214 billion yuan, totaling 4.935 billion yuan in "capital absorption," with an average daily net inflow of 823 million yuan. (Data source: Wind)

Data shows leveraged funds continue to build positions. Metal ETF received net leveraged purchases for three consecutive days, with the highest single-day net purchase reaching 92.5356 million yuan, bringing the latest margin balance to 674 million yuan. (Data source: Wind)

As of January 12, Metal ETF's NAV rose 130.36% over the past two years, ranking 101st out of 2,510 index stock funds (top 4.02%). In terms of return capability, as of January 12, 2026, since its inception, the ETF's highest monthly return was 27.29%, longest consecutive up months was 6, longest consecutive gain was 70.46%, average return in up months was 8.32%, annual profitability percentage was 62.50%, and historical 3-year holding profitability probability was 65.91%. As of January 12, 2026, its one-year excess return over benchmark reached 2.84% annualized.

As of January 9, 2026, Metal ETF's Sharpe ratio for the past year stood at 3.19.

On drawdowns, as of January 12, 2026, Metal ETF's year-to-date maximum drawdown was 2.03%, with a relative benchmark drawdown of 0.01%. The recovery period after drawdown was 1 day.

In terms of fees, Metal ETF charges a management fee of 0.50% and a custody fee of 0.10%.

Regarding tracking accuracy, as of January 12, 2026, Metal ETF's year-to-date tracking error was 0.004%.

Metal ETF closely tracks the CSI Shenwan Nonferrous Metals Index, which selects 50 listed securities from the Shenwan nonferrous metals and non-metallic materials industries in the Shanghai and Shenzhen markets as index samples to reflect the overall performance of the A-share nonferrous metals sector.

CITIC Securities stated that the iron-lithium industry profit is expected to welcome a cyclical inflection point. On the demand side, further penetration of iron-lithium in the power sector and high prosperity in energy storage bring rapid demand growth. Current iron-lithium profitability is at the bottom of the cycle, and there is room for recovery as the supply-demand structure improves. Further clarification of product high-endization and overseas expansion trends is expected to bring excess profits to leading enterprises.

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