Group 1 - Aluminum stocks continue to rise, with Nanshan Aluminum up 12.13% to HKD 61, China Hongqiao up 4.08% to HKD 36.7, and China Aluminum up 3.32% to HKD 13.71 [1] - CICC forecasts that aluminum supply will initially be low and then increase by 2026, but overall growth remains limited, with a projected net increase of 1.1 million tons of electrolytic aluminum, a year-on-year growth of 1.5% [1] - The report highlights that despite Indonesia's planned capacity appearing sufficient, power supply issues may hinder the release of electrolytic aluminum capacity [1] Group 2 - Hualian Futures notes that domestic electrolytic aluminum production capacity is stable, and supply-side structural reforms along with dual carbon goals have effectively closed the expansion channel for electrolytic aluminum capacity [1] - Minmetals Futures indicates that geopolitical factors affecting overseas markets are likely to keep precious metals and copper prices high, which will also support aluminum prices [1] - Despite rising aluminum prices potentially suppressing downstream operations, low overseas aluminum inventories and supply disruptions are expected to support continued strong fluctuations in aluminum prices [1]

Group 1 - The core viewpoint indicates a strong performance in the non-ferrous metals sector, with the index rising by 1.08% and notable increases in individual stocks such as Rare Earth (up 7.25%) and Huayou Cobalt (up 6.25%) [1] - The non-ferrous ETF fund has also shown positive momentum, increasing by 1.01% and achieving five consecutive days of gains, with the latest price at 2.11 yuan [1] - The Federal Reserve's internal disagreements regarding future interest rate cuts are highlighted, with differing opinions on the appropriate path forward, particularly in light of upcoming employment data [1] Group 2 - Guojin Securities notes that the gold market is driven by both cyclical and structural bull market factors, with expectations of continued demand for gold ETFs due to overseas interest rate cuts and concerns over the U.S. dollar's credit [2] - The silver market is expected to see a mid-term upward trend, supported by stable supply and growing industrial demand, particularly in photovoltaic and electrical electronics sectors [2] - The lithium industry is experiencing a downward trend in capacity growth following a peak in capital expenditure, but ongoing investment in global energy storage may improve supply-demand dynamics [2] Group 3 - As of December 31, 2025, the top ten weighted stocks in the non-ferrous metals industry index account for 51.65% of the index, with significant players including Zijin Mining and Ganfeng Lithium [3]

昨日（1月6日）有色金属板块领涨两市，紫金矿业盘中总市值首次站上1万亿元大关，洛阳钼业创历史 新高，中国铝业再创15年新高，有色金属板块热门ETF——有色ETF华宝（159876）场内价格猛拉 4.21%续创历史新高！ ETF放量突破上市高点，或为资金买点信号！深交所数据显示，有色ETF华宝（159876）近5日连续获 资金净流入，合计金额9749万元，拉长时间来看，近20日狂揽1.26亿元，伴随火热的行情，资金火速进 场布局！ 值得关注的是，截至1月6日，有色ETF华宝（159876）最新规模9.56亿元，再创历史新高！ 消息面上，周二，美联储理事米兰在最新的讲话中表示，预计后续经济数据趋势可能支持美联储进一步 降息，美联储今年应降息超过100个基点。 中信建投证券认为，只要美联储还处于降息通道，有色金属价格仍有上涨动力。东方证券指出，美联储 降息周期里，供需偏紧的实物资产，即使是较小的供需缺口也有望产生较大的价格弹性。本轮降息周期 下，以铜、铝为代表的工业金属超级周期或已来临。 细分方向来看，亦有密集利好分化： 1、铝方面，中信建投证券指出，莫桑比克Mozal铝厂将于2026年3月15日转入无限期停产的消 ...

>>>>> ETF早知道 >>>>> ETF早知道 ETFEFR道 WP bao <<<< >>>>> HIFT 2026 41 目早知道 Jan ETF早知演 <<<< 市场温度计 >>>>> ETFOF CE 中长期信号 · 投资看温度 --- 75% --- 75% 75% -- + 25% -- + 25% -- > 25% ETF 早知道 <<<< 0.75% 1.5% → → 1.4% ↑ 上证指数 深证成指 创业板指 注:温度计水银条由对应指数的近十年市盈率分位数表示,总值为100%。数据来源:iFind,截至 2026.1.6,上证指数、深证成指、创业板指的近十年市盈率分位数分别为99.34%、90.41%、46.48% ETFEFAX e 0 2 6 板块热力图 ETFEFRi <<<< 短期轮动走向·观九宫热力值 +4.26% +3.12% +3.73% 基础化工 有色金庫 非银金融 +3.08% +2.89% +0.50% 综合 食品饮料 国防军工 -0.77% +0.48% +0.20% 通信 银行 EZ 相关 (4) 数据来源:iFind,截至2026.1.6,以申万一级行业区分,分 ...

Core Viewpoint - The non-ferrous metal sector is experiencing significant growth, with major companies like Zijin Mining and Luoyang Molybdenum reaching historical highs, and the popular ETF, Huabao Non-ferrous ETF, hitting record levels as well [1][10] Group 1: Market Performance - On January 6, the non-ferrous metal sector led the market, with Zijin Mining's market capitalization surpassing 1 trillion yuan for the first time [1][10] - Huabao Non-ferrous ETF (159876) saw a price increase of 4.21%, reaching a new historical high [1][10] - The ETF has experienced a net inflow of 97.49 million yuan over the past five days, totaling 126 million yuan over the last 20 days, indicating strong market interest [1][10] Group 2: Economic Indicators - Federal Reserve Governor Milan indicated that upcoming economic data may support further interest rate cuts, with expectations of a reduction exceeding 100 basis points this year [3][12] - Analysts from CITIC Securities believe that as long as the Fed remains in a rate-cutting cycle, non-ferrous metal prices will continue to have upward momentum [3][12] Group 3: Sector-Specific Insights - In the aluminum sector, concerns over the stability of electrolytic aluminum supply have arisen due to the indefinite shutdown of the Mozal aluminum plant in Mozambique, with global demand expected to increase by 150,000 to 187,000 tons by 2026 [4][13] - The copper market is projected to face a supply gap exceeding 100,000 tons by 2026, driven by regional supply mismatches and optimistic demand forecasts from the U.S. and China [4][13] - In the gold market, geopolitical tensions, particularly regarding Venezuela, are expected to drive safe-haven investments into precious metals, maintaining a strong outlook for gold prices [4][13] Group 4: Future Outlook - Various institutions are bullish on non-ferrous metal prices, with UBS raising its 2026 gold price target to $5,000 and Citigroup predicting copper prices to reach $15,000 per ton by mid-year [5][14] - The non-ferrous sector is anticipated to enter a bull market driven by a convergence of monetary policy, demand, and supply dynamics [5][14][6] Group 5: ETF Coverage - Huabao Non-ferrous ETF and its associated funds cover a wide range of sectors including copper, aluminum, gold, rare earths, and lithium, allowing investors to capture the overall sector's performance across different economic cycles [7][15]

Group 1 - The core viewpoint of the news is that China's new round of mineral exploration actions is expected to drive up precious metal prices due to continued investment demand [1][5][6] Group 2 - Guosheng Technology announced a stock suspension for verification due to significant stock price fluctuations, with a cumulative increase of 370.20% during the specified period, indicating potential market overheating and irrational speculation risks [2] - The company's latest price-to-book ratio is significantly higher than the industry average, suggesting a bubble in stock prices, while the company remains in a loss-making state with a net profit of -151 million yuan for the first three quarters of 2025 [2] - The company is also facing uncertainties regarding external investments and high pledge ratios of controlling shareholders [3] Group 3 - The Ministry of Natural Resources reported that during the 14th Five-Year Plan period, significant progress was made in mineral exploration, with the discovery of 10 large oil fields and 19 large gas fields, and substantial increases in resources such as uranium, copper, gold, lithium, and potassium salt [5][6] - The exploration strategy will continue into 2026, focusing on improving the exploration, development, and reserve capabilities of strategic mineral resources [6] Group 4 - The global prices of non-ferrous metals have been on the rise, with London gold and silver experiencing significant increases of 64.56% and 147.79% respectively in 2025, marking the highest annual growth since 1980 [8] - As of January 6, 2026, non-ferrous metals continued their upward trend, driven by geopolitical risks, supply constraints, and steady demand [9] Group 5 - The non-ferrous metal sector has seen substantial net financing inflows, with a total of 10.97 billion yuan since December 2025, ranking fourth among all industries [10] - Companies such as Zijin Mining and Ganfeng Lithium have reported significant profit increases, with Zijin Mining expecting a net profit of 51 to 52 billion yuan for 2025, a year-on-year increase of 59% to 62% [10]

Group 1 - Goldman Sachs downgraded Baosteel and China Aluminum while upgrading Yanzhou Coal and China Coal Energy [1] - ByteDance's "Doubao" AI glasses are rumored to be released, but the company clarified there are no concrete sales plans [1][3] - The market's reaction to news is often driven by underlying capital movements rather than the news itself [1][4] Group 2 - Shareholders of various companies, including Pioneer Technology and Baichuan Energy, plan to reduce their holdings by up to 3% [3] - Significant share unlocks are occurring, with Baichuan Energy's unlock amount estimated at 96.319 billion yuan, accounting for 72.20% of total shares [3] - The electric vehicle market is expected to see only a 13% growth in global sales by 2026, influenced by various regulatory changes [3] Group 3 - The perception of stock price movements can be misleading; declines may indicate institutional accumulation rather than weakness [4][9] - Data analysis reveals that stocks experiencing "capital grabbing" often show signs of future price increases [5][6] - Institutions may use price declines as opportunities to accumulate shares, contrary to public sentiment [8][10]

Core Viewpoint - The Ministry of Natural Resources reports significant achievements in China's mineral exploration strategy during the 14th Five-Year Plan, with a focus on key mineral types and the discovery of new large oil and gas fields [1] Group 1: Mineral Discovery Achievements - During the 14th Five-Year Plan, China discovered 10 large oil fields and 19 large gas fields, with substantial increases in uranium, copper, gold, lithium, and potassium salt resources [1] - The Dadonggou gold mine in Liaoning has a proven resource of 1,444.49 tons [1] Group 2: Future Plans and Regulations - In 2026, China will continue a new round of mineral exploration strategy actions and implement a special rectification for "circle but not explore" practices, cracking down on illegal mining of strategic mineral resources [1] - The 15th Five-Year Plan will focus on improving the coordination of exploration, production, supply, reserve, and sales of strategic mineral resources, enhancing safety risk monitoring and early warning systems [1] Group 3: Market Performance - Since the end of the New Year holiday, the non-ferrous metal sector has seen a significant rise, with the industry index increasing by 6.98% over two trading days [1] - 16 stocks, including Tianli Composite, Hunan Silver, and China Aluminum, have recorded cumulative gains of over 10% [1] - As of December 2025, the non-ferrous metal industry has seen a net financing inflow of 10.97 billion yuan, ranking fourth among all industries [1] - Major companies such as Zijin Mining, Ganfeng Lithium, Western Materials, China Uranium, Tianqi Lithium, and Xingye Silver Tin have each received net financing inflows exceeding 500 million yuan [1]

证券日报网讯1月6日，中国铝业（601600）在互动平台回答投资者提问时表示，截至2025年9月30日， 公司股东总数为356252户。 ...

Group 1 - The A-share market opened positively on January 5, 2026, with major indices rising, and the Guozhen Free Cash Flow Index increasing by approximately 0.4% [1] - Notable stocks such as Fenghuo Communication reached the daily limit, with others like Yaxiang Integration, Salt Lake Co., and China Aluminum also seeing gains [1] - The largest free cash flow ETF (159201) experienced a net inflow of over 450 million yuan in the last 10 trading days, bringing its total size to 8.596 billion yuan, indicating significant capital inflow [1] Group 2 - CICC's strategy team defined 2026 A-shares as "riding the momentum," highlighting the strengthening logic of international monetary order reconstruction and the critical application phase of the AI revolution [1] - The performance of China's innovative industries is expected to continue supporting asset performance, with the importance of fundamentals in A-shares increasing after a period of valuation repair [1] - The free cash flow ETF (159201) and its linked funds are designed to closely track the Guozhen Free Cash Flow Index, selecting stocks with positive and high free cash flow, indicating high quality and strong risk resistance suitable for long-term investment [1]