证券之星消息，11月7日能源金属板块较上一交易日上涨2.61%，盛新锂能领涨。当日上证指数报收于 3997.56，下跌0.25%。深证成指报收于13404.06，下跌0.36%。能源金属板块个股涨跌见下表： 从资金流向上来看，当日能源金属板块主力资金净流入12.09亿元，游资资金净流出2.53亿元，散户资金 净流出9.57亿元。能源金属板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002240 | 盛新理能 | 27.30 | 9.99% | 110.57万 | | 29.26亿 | | 6633399 | 永杉锂V | 11.48 | 8.00% | 56.83万 | | 6.42 6 | | 002756 | 永兴材料 | 50.85 | 7.28% | 36.39万 | | 17.91亿 | | 002192 | 融捷股份 | 48.26 | 3.94% | 19.90万 | | 9.47亿 | | 600711 | 盛电矿业 | 11.29 | ...

Core Viewpoint - The renewable energy sector is experiencing significant growth, with various ETFs related to the industry showing strong performance, indicating a robust investment opportunity in the renewable energy chain [1][2]. Group 1: ETF Performance - Multiple renewable energy ETFs, including E Fund New Energy ETF and Battery ETF, have risen over 2%, reflecting a strong market sentiment towards the sector [1]. - The ETFs cover a wide range of the renewable energy industry, including lithium batteries, photovoltaics, wind power, hydropower, and nuclear power, with major companies like CATL and LONGi Green Energy included in their portfolios [1]. Group 2: Industry Developments - The "AI + Power" trend is emerging as a significant driver, with power supply becoming a bottleneck for AI chip expansion, as highlighted by Microsoft CEO Satya Nadella [3]. - Major companies in the battery supply chain are signing long-term supply agreements, such as Tianqi Materials and Jia Yuan Technology, indicating strong demand and commitment to future production [4]. - The solar industry is seeing a collaborative effort among leading companies to stabilize market prices and ensure a balanced supply-demand dynamic, with a joint venture expected to form among 17 major solar firms [5]. Group 3: Market Data and Trends - Recent statistics show a decline in new solar installations in September, with a year-on-year decrease of 54%, while the total installed capacity has grown by 45.7% year-on-year [5]. - Wind power installations also saw a significant drop in September, down 41% year-on-year, although the overall installed capacity has increased by 21.3% [5]. - Investment in power generation and grid infrastructure has shown modest growth, with power generation investment up by 0.6% and grid investment up by 9.9% in the first nine months of the year [6].

中金公司指出，2025年以来新能源车中游产业链价格逐步企稳、供需结构改善，底部反转趋势显现，新 一轮上行周期有望启动。需求结构变化、场景多元化以及海外新车周期释放将成为核心驱动力，预计 2026年全球锂电池出货量有望保持20-25%的增速。产业链各环节或将迎来量价修复，基本面有望持续 改善。 中信期货指出，尽管碳酸锂短期供需延续偏紧态势，但供应端政策预期反复对市场形成扰动，尤其是江 西地区复产预期再起导致价格波动加剧。长期来看，锂矿产能仍处于上升阶段，将限制锂价上方空间， 而需求是否具备超季节性韧性将成为影响价格走势的关键因素。 有数据显示，2024年，我国锂电池产业规模达1.2万亿元。锂电池增量主要关注动力和储能电池，2025 年上半年动力和储能电池占比分别为61.47%和34.15%。我国锂电池行业全球竞争优势显著，动力电池 全球占比由2020年的38.35%提升至2025年1-7月的68.79%；储能锂电池企业全球出货占比超90%。中原 证券表示，展望十五五，我国锂电池需求将持续增长，储能锂电池成为最主要增长极，锂电池下游应用 场景将进一步丰富，行业技术迭代加速，产业向绿色低碳方向发展。 近期碳酸锂市场 ...

两则重磅消息，再次凸显了当前国际环境背景下，有色金属的重要性： 1、铜、银、铀入选美国新版关键矿产清单。美国地质调查局发布《2025年关键矿产清单》，清单每三 年更新一次，列入的矿物将获政府资金支持和审批便利。最新的清单新增10种矿产，分别为硼、铜、 铅、冶金煤、磷酸盐、钾盐、铼、硅、银和铀。 2、商务部：稀土等相关物项具有军民两用属性，对符合规定的申请予以许可。中方多次强调，愿与各 方加强沟通合作，将不断优化许可流程，积极适用通用许可等便利化措施，促进出口管制物项合规贸 易，保障全球产业链供应链安全稳定。 业内人士指出，在全球格局变化和新一轮宏观周期启动的预期下，有色金属板块凭借其"资源民族主 义"和通胀对冲属性，长期投资价值得到强化： | 牵言 证案代码 | | 证券简称 | 区间涨跌幅 | | | --- | --- | --- | --- | --- | | | | | [区间首日] 2025-01-01 区间属日 2025-11-06 | | | | | | [単位] % ↓ | | | 1 801050.SI | | 有色金属(申万) | | 74.68 | | 2 | 801770.SI | 通 ...

Group 1: ETF Performance - The New Energy ETF has a turnover rate of 2.21% with a transaction volume of 33.46 million yuan [3] - The latest scale of the New Energy ETF reached 1.513 billion yuan, marking a new high since its establishment [3] - In the past week, the New Energy ETF saw a significant increase of 10.2 million shares [3] - Over the last five trading days, there were net inflows on three days, totaling 81.43 million yuan [3] - As of November 6, the net value of the New Energy ETF has increased by 69.97% over the past six months, ranking 151 out of 3850 in index equity funds, placing it in the top 3.92% [3] - The highest monthly return since inception was 25.07%, with the longest consecutive monthly increase being six months and a maximum increase of 67.53% [3] - The average return during the months of increase is 8.57% [3] Group 2: Market Trends and Opportunities - According to CITIC Securities research, the market is recovering, and there is a positive outlook on the global trend of energy storage [3] - The domestic energy storage sector is experiencing a significant economic turning point, driven by the marketization of new energy and capacity electricity prices [3] - The cumulative penetration rate of energy storage is still below 10%, with an upward adjustment of new domestic installations to 300 GWh for next year [3] - The largest overseas opportunity arises from the demand for energy storage in data centers, with leading companies already securing substantial orders [3] - Energy storage is expected to drive lithium battery demand growth exceeding 30% next year, presenting investment opportunities across materials, batteries, and integration [3] Group 3: Key Stocks in New Energy Index - As of October 31, 2025, the top ten weighted stocks in the CSI New Energy Index include: Sunshine Power, CATL, Longi Green Energy, EVE Energy, TBEA, Huayou Cobalt, Ganfeng Lithium, China Nuclear Power, Tongwei Co., and Lead Intelligent [5] - The combined weight of the top ten stocks accounts for 46.1% of the index [5]

11月7日，绿色能源ETF（562010）开盘跌0.19%，报1.035元。绿色能源ETF（562010）重仓股方面，宁 德时代开盘跌0.30%，比亚迪跌0.53%，长江电力涨0.04%，阳光电源跌1.65%，亿纬锂能跌0.19%，隆基 绿能跌0.60%，华友钴业跌0.93%，赣锋锂业涨0.26%，先导智能跌1.30%，通威股份跌0.64%。 来源：新浪基金∞工作室 绿色能源ETF（562010）业绩比较基准为中证绿色能源指数收益率，管理人为华宝基金管理有限公司， 基金经理为张放，成立（2022-12-16）以来回报为4.07%，近一个月回报为3.81%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 ...

Industry Overview - The report highlights a recovery in the lithium and rare earth markets due to the easing of China-US trade relations, which is expected to support prices in the short term [6][19]. - The steel industry is facing a potential demand decline as northern regions enter the heating season, leading to increased construction site shutdowns and a tightening of supply due to environmental production restrictions [5][21]. Steel Industry - The steel PMI index for October was reported at 49.2%, indicating a slight improvement but still in contraction territory, with new orders at 47.6% [20]. - Steel production in October showed a recovery with a production index of 49.8%, but overall inventory levels increased due to a stronger supply response compared to demand [20][29]. - The average daily transaction volume of construction steel in October was 101,300 tons, a month-on-month increase of 3.19% but a year-on-year decrease of 16.08% [22]. Copper Industry - The copper market is experiencing supply constraints due to maintenance at smelters and tight anode copper supply, with a projected decrease in output for November [35][36]. - Domestic refined copper production in September was 1.266 million tons, a year-on-year increase of 11.25% [36]. - The LME copper price increased by 5.84% to $10,900 per ton, while the domestic price rose by 5.45% to 87,700 yuan per ton [36]. Aluminum Industry - Domestic electrolytic aluminum production in October increased by 1.13% year-on-year, while alumina production rose by 9.41% [43][44]. - The report anticipates that alumina prices will remain low due to increased supply from the end of the rainy season in Guinea, which may support electrolytic aluminum profitability [5][43]. - The LME aluminum price increased by 8.11% to $2,900 per ton, with domestic prices rising by 2.65% to 21,300 yuan per ton [45]. Precious Metals - The easing of US-China trade tensions has reduced safe-haven demand for gold, leading to a potential stabilization in gold prices [54][55]. - COMEX gold prices increased by 3.24% to $4,013.40 per ounce, while SHFE gold prices rose by 5.43% to 921.92 yuan per gram [55]. New Energy Metals - Lithium production in September was reported at 47,100 tons, a year-on-year increase of 47.59%, driven by strong demand in the energy storage sector [60]. - The price of battery-grade lithium carbonate increased by 8.84% to 80,000 yuan per ton, reflecting a tightening supply-demand balance [60]. - The report emphasizes the importance of regulatory trends in optimizing the lithium supply landscape, which may support price stability [58]. Cobalt Industry - Cobalt production in October showed a year-on-year increase of 19.62% for sulfate cobalt, while the price of 1 cobalt rose by 17.25% to 404,500 yuan per ton [65][66]. - The demand for cobalt is expected to remain strong due to the growth in electric vehicle production and energy storage applications [65].

Core Viewpoint - The Green Energy ETF (562010) opened at a decline of 0.88%, priced at 1.015 yuan, indicating a challenging market environment for green energy investments [1] Group 1: ETF Performance - The Green Energy ETF (562010) has a performance benchmark of the CSI Green Energy Index return rate, managed by Hua Bao Fund Management Co., Ltd. [1] - Since its establishment on December 16, 2022, the fund has achieved a return of 2.68%, with a one-month return of 2.42% [1] Group 2: Major Holdings Performance - Major stocks within the Green Energy ETF include: - Contemporary Amperex Technology Co., Ltd. (CATL) opened with a gain of 0.33% - BYD Co., Ltd. experienced a decline of 0.23% - Changjiang Electric Power Co., Ltd. fell by 0.11% - Sungrow Power Supply Co., Ltd. increased by 0.73% - EVE Energy Co., Ltd. decreased by 0.18% - LONGi Green Energy Technology Co., Ltd. remained unchanged - Huayou Cobalt Co., Ltd. dropped by 0.67% - Ganfeng Lithium Co., Ltd. remained unchanged - Lead Intelligent Equipment Co., Ltd. rose by 0.15% - Tongwei Co., Ltd. remained unchanged [1]

Core Insights - The Chinese lithium battery industry is emerging from a recession, with significant revenue growth observed in the first half of 2025, totaling approximately 537.99 billion yuan, a year-on-year increase of 14.95% [2] - In the first half of 2025, 12 out of 15 sub-sectors in the lithium battery industry reported positive revenue growth, with the fastest-growing sectors being cobalt-nickel (67.88%), lithium battery copper/aluminum foil (37.22%), and anode materials (31.64%) [2][5] - The total revenue of major lithium battery companies in China for the third quarter (July to September) reached 374.25 billion yuan, reflecting an 18.62% year-on-year increase, while net profits surged by 67.18% to 34.40 billion yuan [2][6] Industry Performance - The revenue distribution among the top 20 industry giants accounts for 70.81% of total revenue, with net profits making up 90.68% of the industry total [6] - The top-performing sectors in terms of revenue include: - Cobalt-nickel: 328.65 billion yuan, up 67.88% - Lithium battery copper foil: 272.13 billion yuan, up 37.22% - Anode materials: 242.26 billion yuan, up 31.64% [5][6] Company Rankings - The top companies by revenue in the lithium battery sector for the first half of 2025 include: - CATL: 283.07 billion yuan, up 9.28% - Huayou Cobalt: 58.94 billion yuan, up 29.57% - Yiwei Lithium Energy: 45.00 billion yuan, up 32.17% [8][9] - Notable companies with significant profit growth include: - CATL: 49.03 billion yuan, up 36.2% - Huayou Cobalt: 4.21 billion yuan, up 43.34% [21][22] Financial Metrics - The total contract liabilities for major companies show significant growth, with CATL reporting 40.68 billion yuan, a 79.58% increase year-on-year [14] - The net cash flow from financing activities for leading companies indicates strong capital inflow, with Ganfeng Lithium achieving 57.97 billion yuan, a 499.83% increase [35]

Core Viewpoint - The A-share market is experiencing increased volatility, with a focus on style rebalancing as several well-known balanced fund managers have proactively adjusted their holdings in anticipation of market changes [1] Group 1: Investment Opportunities - Fund managers are identifying investment opportunities in sectors such as engineering machinery, chemicals, and non-ferrous metals, with some products in these sectors at the bottom of their price ranges [1][4] - Notable companies like China Ping An, Wanhua Chemical, XCMG, Sany Heavy Industry, and Luoyang Molybdenum have been added to the heavy stock lists or continuously increased in holdings by various fund managers [1][2] - The resource sector, particularly non-ferrous metals, has attracted significant attention, with funds increasing their positions in companies like Zijin Mining and Huaxi Nonferrous [3] Group 2: Fund Manager Actions - China Ping An has gained favor among several balanced and growth fund managers, with total holdings in various funds reaching significant values, such as 794 million yuan and 358 million yuan [2] - Fund managers like Zhou Weiwen have increased allocations to non-ferrous metals, engineering machinery, and chemicals, anticipating revenue growth as overseas demand recovers [4] - The mechanical sector has also seen increased interest, with funds like Morgan Emerging Power adding XCMG to their top holdings [2] Group 3: Market Trends and Strategies - The recent shift towards value and cyclical stocks is seen as a response to the high valuation of technology growth stocks, leading to a balanced investment strategy to mitigate risks [1][7] - ETFs tracking various indices have seen significant net inflows, indicating a market trend towards lower valuation and dividend-paying assets [6] - The market is expected to undergo a style switch, with institutions likely to adjust their portfolios in November to prepare for the upcoming spring market [6][7]