Market Overview - The Shanghai Composite Index fell by 0.94% on October 10, with 18 out of the 28 sectors rising, led by construction materials and coal, which increased by 1.92% and 1.37% respectively [1] - The electronic and electrical equipment sectors experienced the largest declines, down by 4.71% and 4.46% respectively [1] - The non-ferrous metals sector dropped by 2.93% [1] Capital Flow - The net outflow of capital from the two markets reached 125.784 billion yuan, with 8 sectors seeing net inflows [1] - The construction materials sector had the highest net inflow of 418 million yuan, followed by the agriculture, forestry, animal husbandry, and fishery sector with a net inflow of 379 million yuan [1] - The electronic sector faced the largest net outflow of 38.319 billion yuan, followed by the electrical equipment sector with a net outflow of 25.535 billion yuan [1] Non-Ferrous Metals Sector - The non-ferrous metals sector saw a net outflow of 15.387 billion yuan, with 137 stocks in the sector, of which 30 rose and 104 fell [2] - The top three stocks with the highest net inflow were Antai Technology (22.3 million yuan), Silver Industry (19.5 million yuan), and Pengxin Resources (19.1 million yuan) [2] - The stocks with the largest net outflow included Northern Rare Earth (2.519 billion yuan), Huayou Cobalt (1.011 billion yuan), and Luoyang Molybdenum (920 million yuan) [2] Non-Ferrous Metals Capital Inflow - The top stocks in terms of capital inflow included: - Antai Technology: +9.99%, turnover rate 10.79%, net inflow 223.06 million yuan - Silver Industry: +9.96%, turnover rate 3.52%, net inflow 194.94 million yuan - Pengxin Resources: +10.06%, turnover rate 10.60%, net inflow 190.96 million yuan [2][4] Non-Ferrous Metals Capital Outflow - The stocks with the largest capital outflow included: - Northern Rare Earth: -1.22%, turnover rate 8.90%, net outflow 2.518 billion yuan - Huayou Cobalt: -7.74%, turnover rate 7.85%, net outflow 1.011 billion yuan - Luoyang Molybdenum: -3.18%, turnover rate 2.59%, net outflow 919.66 million yuan [4]

Market Overview - The Chinese asset market experienced a collective pullback, with the A-share market declining significantly after a strong opening on the first trading day post-holiday. The Shanghai Composite Index fell approximately 1% to below 3900 points, while the ChiNext Index dropped over 5% before slightly narrowing its losses at the close [1] - The total trading volume in the Shanghai and Shenzhen markets decreased by 137.8 billion yuan compared to the previous day, totaling 253.45 billion yuan [1] Sector Performance - The semiconductor sector saw a substantial decline, with companies like Aojie Technology and Dongxin Co. dropping over 10%, and SMIC falling nearly 8% [2][3] - Conversely, resource sectors such as gas, coal, steel, and oil experienced gains, with companies like Dazhong Public Utilities and Hongtong Gas hitting the daily limit up [2][7] - The coal sector is expected to see improved performance in Q3 due to rising coal prices, with potential further increases in Q4 as winter demand rises [8] Semiconductor Sector Insights - Analysts suggest that the recent adjustment in the semiconductor sector is a short-term fluctuation driven by profit-taking, rather than a fundamental shift in the industry's long-term growth prospects. The trend of domestic substitution remains a key focus [3][5] - Domestic wafer fabs are progressively establishing high levels of localization, particularly in advanced storage, with expectations for stable expansion needs through 2025 and rapid growth anticipated by 2026 [5] Brokerage Sector Dynamics - The brokerage sector showed strong performance, with stocks like Guosen Securities reaching their daily limit. The sector's growth is supported by favorable policies, improved market confidence, and a shift towards high-value-added services [9][10] - The current environment is seen as enhancing the brokerage sector's profitability outlook, making it an attractive investment opportunity [10]

证券代码：002460 证券简称：赣锋锂业 编号：临 2025-116 关于召开 2025 年第三次临时股东大会的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 江西赣锋锂业集团股份有限公司（以下简称"公司"）于2025 年8月22日召开了第六届董事会第五次会议，决议于2025年10月14日 召开公司2025年第三次临时股东大会，现将本次股东大会的有关事项 提示公告如下： 一、召开会议的基本情况 1、股东大会届次：2025年第三次临时股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：本次股东大会的召集、召开程序 符合有关法律、行政法规、部门规章、规范性文件和公司章程等的规 定。 4、现场会议召开时间：2025年10月14日(星期二) 14:00 网络投票时间：公司A股股东通过深圳证券交易所交易系统进行 网络投票的具体时间为2025年10月14日(星期二)上午9:15—9:25，9:30 —11:30，下午13:00—15:00；通过深圳证券交易所互联网投票系统投 票的具体时间为2025年10月14日(星期二)上午9:15至2025 ...

证券之星消息，10月10日能源金属板块较上一交易日下跌5.03%，寒锐钴业领跌。当日上证指数报收于 3897.03，下跌0.94%。深证成指报收于13355.42，下跌2.7%。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出40.92亿元，游资资金净流入10.87亿元，散户资金 净流入30.05亿元。能源金属板块个股资金流向见下表： | 代码 | 名称 | 主力净流出 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603799 | 华友钻业 | -11.03亿 | -11.33% | 4.14亿 | 4.25% | 6.89 Z | 7.08% | | 002460 | 赣锋锂√ | -10.05 Z | -9.80% | 1.89亿 | 1.84% | 8.16/Z | 7.95% | | 002466 | 天齐锂业 | -7.47 Z | -16.21% | 2.15/Z | 4.67% | 5.32 Z | 1 ...

- The non-ferrous metal index (000819.SH) has increased by 83.14% since 2025, and by 83.87% since April 7, 2025, significantly outperforming the Wind All A Index during the same period [2][11][12] - Public fund holdings in the non-ferrous metal sector have rebounded since August 2025, based on real-time calculations using public market data such as fund net value, disclosed holdings, and research activities [3][15] - ETF holdings in the non-ferrous metal sector have been steadily increasing since July 2025, reflecting the growing popularity of index investment products, with the total scale of public ETF funds exceeding 4.3 trillion yuan by the end of Q2 2025 [3][18][20] - Margin balance in the non-ferrous metal sector has been rising since July 2025, indicating increased investor optimism about the market outlook [3][22][23] - Chip yield characteristics show that the current profitability effect of the non-ferrous metal index is 25.14%, with chip yield reflecting the return rate of current prices relative to historical chip costs [3][25][26] - Institutional research has been most frequent for companies such as Northern Rare Earth, Yunnan Copper, and Chihong Zinc & Germanium in 2025 [4][27][29] - Ganfeng Lithium, Huayou Cobalt, and Zijin Mining have received the highest attention from Snowball platform influencers since September 15, 2025 [4][30][31][32] - Major funds have flowed into companies such as Quartz Co., Bowei Alloy, and Shenghe Resources since September 15, 2025, with large and super-large orders used as proxy variables for major funds [4][34][35][38] - Companies such as Bowei Alloy, Jinli Permanent Magnet, and China Rare Earth have appeared on the Dragon Tiger List since September 15, 2025, reflecting the most active trading dynamics in the market [4][39] - High-frequency shareholder data indicates significant increases in shareholder numbers for companies such as Chifeng Gold, Huafeng Aluminum, and Hunan Gold, which may signal potential risks for subsequent stock prices [4][41][43]

Group 1 - The core viewpoint of the article highlights a significant decline in non-ferrous metal stocks, with notable drops in companies such as Ganfeng Lithium, China Nonferrous Mining, and Shandong Gold [1] - The US dollar index has been rebounding continuously, surpassing the 99 mark, driven by a temporary risk aversion due to the potential government shutdown in the US [1] - International gold prices have sharply declined, with spot gold falling below $3960 per ounce, influenced by the strengthening dollar and easing geopolitical tensions in the Middle East [1] Group 2 - Citic Futures indicates that while copper prices are currently leading gains among base metals, there is a need for caution regarding potential pullbacks if no further macroeconomic positive factors emerge [1] - There are expectations of tighter supply and demand dynamics for copper, aluminum, and tin, which may lead to increased prices for base metals in the long term due to ongoing supply disruptions [1]

Core Viewpoint - Ganfeng Lithium's trading volume reached 8.468 billion yuan, marking the highest level since July 7, 2022, despite a recent stock price decline of 3.37% [1] Trading Performance - The latest trading volume for Ganfeng Lithium was 8.468 billion yuan, which is a slight increase from the previous trading day's volume of 8.466 billion yuan [1] - The stock's turnover rate was reported at 10.60% [1]

消息面上，近期锂业供需两端博弈激烈。兴业期货表示，对碳酸锂而言，需要注意的是，需求的好转也 伴随着供应的持续释放，庞大的锂盐冶炼产能增强了碳酸锂的供给弹性。现阶段碳酸锂周度产量已突破 2万吨，单周产出位于历史高位；其中，辉石料碳酸锂产量接近1.3万吨，辉石提锂产线的增产弥补了前 期因青海盐湖及枧下窝矿停产造成的盐湖料及云母料的产出减量。与2024年相比，当前周产相较于去年 均值提升7796吨，增幅达61.29%。 该行指出，自8月中下旬以来，上游去库、下游主动补库的库存结构性变化已反映出实际需求的增长较 为积极，且宜春矿企储量核实报告递交审核一事仍将扰动10月中上旬市场对资源端的预期，事件落地前 锂价走势存在支撑；针对四季度，枧下窝矿即将复产，供应增长压力再度增高，供给增速预计高于需求 增长，碳酸锂价格走势仍将承压，价格波动中枢7-7.5万元/吨。 锂业股集体走低，截至发稿，赣锋锂业（002460）(01772)跌7.7%，报47.12港元；天齐锂业（002466） (09696)跌6.83%，报45.28港元；宁德时代（300750）(03750)跌6.24%，报548.5港元。 ...

Core Viewpoint - The performance of the non-ferrous metals sector remains mixed, with significant movements in stock prices and ongoing policy changes affecting supply dynamics in the industry [1][2]. Group 1: Market Performance - The non-ferrous metals ETF showed weak performance, with a decline of 3.1% and a trading volume of 1.21 billion yuan, while the fund's latest scale is 4.83 billion yuan [1]. - Silver stocks performed exceptionally well, with a notable increase, while companies like Western Gold, Huaxi Nonferrous, and Huayou Cobalt experienced declines of 8.27%, 6.98%, and 6.66% respectively [1]. Group 2: Policy and Supply Dynamics - The Trump administration is discussing investments in critical metals companies, particularly concerning Greenland's largest rare earth project [1]. - The Ministry of Commerce has implemented export controls on rare earth-related technologies, tightening supply policies and maintaining strong price trends in the rare earth sector [2]. - Western Securities predicts that the supply of secondary resource recycling will reach 27% by 2025, indicating a fully controlled supply side with limited potential for sudden increases [1]. Group 3: Industry Outlook - The non-ferrous metals industry maintains a high level of prosperity, with supply constraints from major copper producers due to safety incidents in Indonesia, contributing to rising prices for copper and aluminum [2]. - The top ten weighted stocks in the non-ferrous metals index include major players such as Zijin Mining, Northern Rare Earth, and Luoyang Molybdenum [2].

Group 1 - Precious metals, semiconductors, and new energy battery sectors are leading the decline, with Yiwei Lithium falling nearly 9% and CATL dropping over 6% [1] - The market is showing strong structural characteristics, with increased volatility this week, potentially influenced by the upcoming review of the "14th Five-Year Plan" proposals [1] - Institutional strategies for October focus on technology, anti-involution, and promoting domestic demand, highlighting sectors benefiting from improved profit expectations such as innovative pharmaceuticals and new energy [1] Group 2 - The largest robot-themed ETF, Robot ETF (562500), has seen a net inflow of 1.757 billion yuan over five days, with key stocks including Huichuan Technology, Greentech Harmonic, and Stone Technology [2] - The non-ferrous metal ETF (516650) has attracted a net inflow of 300 million yuan over five days, with major holdings including Zijin Mining, Luoyang Molybdenum, Northern Rare Earth, Huayou Cobalt, and China Aluminum [2] - The largest new energy vehicle ETF (515030) has received a total net inflow of 7.104 million yuan over four days, with key stocks including Huayou Cobalt, Tianqi Lithium, Ganfeng Lithium, CATL, Huichuan Technology, Guoxuan High-Tech, and leading vehicle manufacturers like BYD and Changan Automobile [2]