Small metal sector extends gains, Yunnan Germanium rises limit up

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The non-ferrous metals sector continues its upward trend, with Yunnan Zinc Industry hitting the daily limit, Zhangyuan Tungsten up over 9%, and Xianglu Tungsten, Oriental Tantalum, China Tungsten High-tech, and Huaxi Nonferrous Metals all rising. In related ETFs, the Rare Metals ETF (159608) increased by 1.43%, with a trading volume of 57.0296 million yuan, and the China Nonferrous Metals ETF (159652) had a trading volume of 20.088 million yuan. According to news, benefiting from the ongoing strengthening of supply-side rigid constraints, the explosive demand in downstream sectors such as AI, new energy, and military industry, as well as the intensifying global strategic competition boosting resource premiums, have caused shortages in the spot markets for core rare metals like rare earths, tungsten, and lithium after the Spring Festival, with prices rising collectively. This has also driven the overall strong performance of the sector.

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