Core Viewpoint - The domestic market is increasingly recognizing the valuation of precious metals and non-ferrous resource stocks, with significant inflows of capital driving a strong upward trend in related assets [1][5]. Group 1: Market Performance - On November 13, 2023, the A-share market saw a comprehensive surge in precious metals and non-ferrous metals, with gold stocks ETF (159562) rising by 3.07% and non-ferrous metals ETF (516650) increasing by 4.06%, significantly outperforming the market [1]. - As of the close on November 13, domestic gold and silver futures saw substantial increases of 1.56% and 5.48%, respectively, with silver prices reaching a historical high of 12,588 yuan per kilogram [4]. - The lithium metal sector led the A-share market with a remarkable increase of 7.03%, while other non-ferrous metals like lead, zinc, nickel, and cobalt also saw gains of over 4% [6]. Group 2: Economic Drivers - The recent bullish trend in resource metals is supported by various macroeconomic factors, including the end of the U.S. government shutdown, which has renewed hopes for a Federal Reserve rate cut in December [2][11]. - The ongoing geopolitical tensions, particularly since the onset of the Russia-Ukraine conflict, have heightened global risk aversion, driving investments into gold as a safe-haven asset [11][12]. - Central banks worldwide, including China, are increasing their gold reserves, with China's gold reserves reaching approximately 2,304.457 tons as of the end of October, marking a continuous increase for 12 months [12]. Group 3: Sector Growth - The lithium battery sector has seen explosive growth, with domestic sales of new energy vehicles reaching 11.196 million units in the first three quarters of 2025, a year-on-year increase of 34.55% [16]. - The demand for lithium is further fueled by the rise of energy storage solutions, with domestic lithium battery shipments nearly doubling year-on-year [16]. - The copper market is expected to face a supply shortage by 2025, with demand projected to reach 27.29 million tons, while supply growth lags behind at only 1.1% [17]. Group 4: Investment Opportunities - The non-ferrous metals ETF (516650) has seen significant inflows, with a net inflow of 1.755 billion yuan from August 14 to October 17, 2023, and a year-to-date share increase of 900.76% [24]. - The gold stocks ETF (159562) has also performed well, with a year-to-date increase of 86.98%, benefiting from the rising gold prices and favorable tax policies for virtual gold investments [26]. - Major non-ferrous metal companies, including Zijin Mining and Ganfeng Lithium, have experienced substantial stock price increases, with many achieving over 50% gains this year [19][21].

Core Viewpoint - The company announced plans to establish a project company in collaboration with subsidiaries of Zijin Mining, aiming to invest in the construction of a pilot platform for battery-grade lithium sulfide [1] Group 1 - The company will jointly invest with Zijin Lithium and Xiamen Zijin, along with related parties such as Guangxin Research Institute [1] - The focus of the investment is on the development of a pilot platform for battery-grade lithium sulfide [1]

Group 1 - The metal zinc concept has seen a rise of 4.05%, ranking 7th among concept sectors, with 36 stocks increasing in value, including Xingye Silver Tin, Guocheng Mining, and Dazhong Mining reaching their daily limit [1] - Notable gainers in the zinc sector include Huaxi Nonferrous, Shengda Resources, and Yuguang Gold Lead, which rose by 8.55%, 7.97%, and 7.54% respectively [1] - The sector experienced a net inflow of 3.39 billion yuan from main funds, with 30 stocks receiving net inflows, and 11 stocks exceeding 100 million yuan in net inflow [2] Group 2 - The leading stock in terms of net inflow is Zijin Mining, with a net inflow of 682 million yuan, followed by Shengtun Mining, Xingye Silver Tin, and Hebang Biological with net inflows of 610 million yuan, 563 million yuan, and 291 million yuan respectively [2] - The top three stocks by net inflow ratio include *ST Zhengping, Shengtun Mining, and Jinhui Co., with ratios of 34.15%, 20.05%, and 17.15% respectively [3] - The performance of stocks in the zinc sector shows significant volatility, with some stocks like Beijete and Zhongxin Metals experiencing declines of 2.39% and 1.63% respectively [5]

Core Viewpoint - The Shanghai Composite Index rose by 0.73% on November 13, with 27 sectors experiencing gains, particularly the power equipment and non-ferrous metals sectors, which increased by 4.31% and 4.01% respectively [1] Market Overview - The net inflow of capital in the two markets reached 24.471 billion yuan, with 16 sectors seeing net inflows. The power equipment sector led with a net inflow of 11.478 billion yuan, followed by the non-ferrous metals sector with 9.199 billion yuan [1] - Conversely, 15 sectors experienced net outflows, with the public utilities sector leading at a net outflow of 1.534 billion yuan, followed by the construction decoration sector with a net outflow of 999.3 million yuan [1] Non-Ferrous Metals Sector Performance - The non-ferrous metals sector rose by 4.01%, with a total net inflow of 9.199 billion yuan. Out of 137 stocks in this sector, 125 rose, 10 hit the daily limit, and 9 declined [2] - Notable stocks with significant net inflows included Tianqi Lithium with 1.373 billion yuan, Ganfeng Lithium with 732.5 million yuan, and Zijin Mining with 682 million yuan [2] Non-Ferrous Metals Sector Outflow - The outflow leaderboard in the non-ferrous metals sector included Huayu Mining with a net outflow of 225.74 million yuan, Yun Aluminum with 153.46 million yuan, and Chang Aluminum with 106.52 million yuan [3] - Other notable outflows included China Aluminum with 78.53 million yuan and Tianshan Aluminum with 77.07 million yuan [3]

Group 1 - The metal lead concept increased by 4.27%, ranking fourth among concept sectors, with 33 stocks rising, including Xingye Yinxin, Guocheng Mining, and Dazhong Mining hitting the daily limit [1] - Leading gainers in the metal lead sector included Huaxi Nonferrous, Shengda Resources, and Yuguang Gold Lead, which rose by 8.55%, 7.97%, and 7.54% respectively [1] - The sector saw a net inflow of 3.064 billion yuan from main funds, with 29 stocks receiving net inflows, and 11 stocks exceeding 100 million yuan in net inflow [2] Group 2 - The top net inflow stock was Zijin Mining, with a net inflow of 682 million yuan, followed by Shengtun Mining, Xingye Yinxin, and Hebang Biological, with net inflows of 610 million yuan, 563 million yuan, and 291 million yuan respectively [2] - In terms of net inflow ratios, Shengtun Mining, Jinhui Co., and Hebang Biological led with ratios of 20.05%, 17.15%, and 17.01% respectively [3] - The overall performance of the metal lead sector was strong, with significant contributions from various companies, indicating a positive market sentiment [2][3]

Group 1 - The metal zinc concept has seen a rise of 4.05%, ranking 7th among concept sectors, with 36 stocks increasing in value, including Xingye Yinxin, Guocheng Mining, and Dazhong Mining reaching their daily limit up [1] - Notable gainers in the zinc sector include Huaxi Nonferrous with an increase of 8.55%, Shengda Resources at 7.97%, and Yuguang Gold Lead at 7.54% [1] - The stocks with the largest declines include CITIC Metal, Beijiete, and Wolong New Energy, which fell by 2.39%, 1.63%, and 0.75% respectively [1] Group 2 - The metal zinc concept sector attracted a net inflow of 3.39 billion yuan, with 30 stocks receiving net inflows, and 11 stocks exceeding 100 million yuan in net inflow [2] - Zijin Mining led the net inflow with 682 million yuan, followed by Shengtun Mining with 610 million yuan and Xingye Yinxin with 563 million yuan [2] - The top stocks by net inflow ratio include *ST Zhengping, Shengtun Mining, and Jinhui Co., with net inflow ratios of 34.15%, 20.05%, and 17.15% respectively [3] Group 3 - The top gainers in the metal zinc sector include Zijin Mining with a 4.17% increase, Shengtun Mining at 10.00%, and Xingye Yinxin at 10.02% [3] - Other notable performers include Huaxi Nonferrous at 8.55% and Guocheng Mining at 10.01% [3] - Conversely, CITIC Metal experienced a decline of 2.39%, while Beijiete and Wolong New Energy fell by 1.63% and 0.75% respectively [4]

截至11月13日收盘，盐湖提锂概念上涨4.14%，位居概念板块涨幅第6，板块内，40股上涨，盛新锂 能、*ST正平等涨停，富临精工、天齐锂业、新化股份等涨幅居前，分别上涨11.11%、9.98%、9.50%。 跌幅居前的有倍杰特、国机通用等，分别下跌1.63%、1.56%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 氟化工概念 | 4.50 | 芬太尼 | -0.31 | | 有机硅概念 | 4.47 | 同花顺果指数 | -0.29 | | 钠离子电池 | 4.47 | 深圳国企改革 | -0.24 | | 金属铅 | 4.27 | 高压氧舱 | -0.21 | | 磷化工 | 4.25 | F5G概念 | 0.06 | | 盐湖提锂 | 4.14 | 培育钻石 | 0.10 | | 金属锌 | 4.05 | DRG/DIP | 0.14 | | 石墨电极 | 4.01 | 太赫兹 | 0.17 | | 金属镍 | 3.93 | 青蒿素 | 0.23 | | 固态电池 | 3.86 | 血氧仪 | 0 ...

（来源：科创100ETF基金） 港股收盘，恒生科技指数涨0.8%，恒生指数涨0.56%。港股科技ETF(159751)涨1.49%，恒生港股通 ETF(159318)涨0.96%。板块方面，金属与采矿、客运航空公司板块涨幅靠前；居家用品、石油与天然 气板块跌幅靠前。个股方面，赣锋锂业（002460）涨12.09%，百济神州涨7.71%，中国生物制药涨 6.5%，华虹半导体涨5.64%，信达生物涨5.51%，洛阳钼业（603993）涨5.47%，科伦博泰生物-B涨 5.13%，翰森制药涨4.85%，紫金矿业（601899）涨4.23%；德昌电机控股跌10.63%，巨星传奇跌 19.91%；龙蟠科技（603906）涨18.37%，新秀丽涨14.39%。 来源：市场资讯 ...

Core Viewpoint - International gold prices have significantly increased, reaching above $4200 per ounce, marking the highest level since October 21 [1]. Group 1: Gold Price Movement - On December 12, the gold price on the New York Commodity Exchange closed at $4213.6 per ounce, with a rise of 2.36% [1]. - As of December 13, the A-share market saw a collective rise in gold stocks, with the gold jewelry index increasing by 2.41% [3]. Group 2: Performance of Gold Stocks - Specific gold stocks such as Zhaojin Mining and Zhongjin Gold experienced gains exceeding 4% [3]. - The gold jewelry index (884107) recorded a value of 2457.86, reflecting an increase of 57.82 points or 2.41% [4]. Group 3: Domestic Gold Jewelry Prices - Domestic gold jewelry brands have also seen price increases, with Chow Tai Fook's gold price per gram at 1333 RMB, up by 1.52% from the previous day [4][5]. - Other brands like Luk Fook Jewelry and King Fook reported similar price increases, with their gold prices per gram at 1331 RMB and 1326 RMB, respectively [4][5].

Core Viewpoint - The performance of the CSI 300 ETF managed by CICC shows a slight increase, with notable movements in its constituent stocks, indicating a mixed market sentiment [1] Group 1: ETF Performance - As of the midday close on November 13, the CSI 300 ETF (510320) rose by 0.64%, priced at 1.259 yuan, with a trading volume of 4.1823 million yuan [1] - The performance benchmark for the CSI 300 ETF is the return rate of the CSI 300 Index, with a total return of 24.78% since its inception on April 16, 2025, and a return of 0.78% over the past month [1] Group 2: Constituent Stocks Performance - Notable stock movements include: - Ningde Times increased by 8.18% - Kweichow Moutai decreased by 0.32% - Ping An Insurance rose by 1.08% - China Merchants Bank fell by 0.23% - Zijin Mining increased by 4.95% - Xinyi Semiconductor decreased by 1.85% - Zhongji Xuchuang fell by 2.19% - Midea Group decreased by 0.73% - Dongfang Fortune rose by 0.57% - Yangtze Power fell by 1.19% [1]