Group 1 - The industrial metal sector experienced a decline of 2.95% on November 18, with Minfa Aluminum leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] - Key stocks in the industrial metal sector showed varied performance, with significant declines in several companies [1] Group 2 - Minfa Aluminum saw a substantial drop of 9.92%, closing at 4.45, with a trading volume of 1.21 million shares and a turnover of 552 million [2] - Other notable declines included Chang Aluminum at -8.75% and Yuguang Jin Lead at -5.67% [2] - The industrial metal sector experienced a net outflow of 6.155 billion in main funds, while retail investors saw a net inflow of 5.182 billion [2][3] Group 3 - Among individual stocks, Hongchuang Holdings had a net inflow of 44.02 million from main funds, while Hai Liang Co. saw a net inflow of 25.21 million [3] - The overall trend indicates a mixed sentiment among institutional and retail investors, with significant outflows from main funds in several companies [3] - The data reflects a cautious approach from institutional investors amidst the sector's downturn [3]

Group 1 - The industrial metal sector continues to decline, with Minfa Aluminum experiencing a trading halt [1] - Other companies such as Chang Aluminum, Yuguang Gold Lead, Silver Industry, Zinc Industry, and Yun Aluminum also saw declines [1]

Core Viewpoint - The Fujian sector in the A-share market experienced a significant decline, with multiple stocks hitting their daily limit down, indicating a bearish trend in the region [1] Summary by Category Stock Performance - Zhongneng Electric fell by 12.62%, with a total market value of 54.42 billion [2] - Dongbai Group and Fujian Cement both dropped by 10%, with market values of 91.59 billion and 35.06 billion respectively [2] - Fujian Jinsen decreased by 9.99%, with a market value of 35.91 billion [2] - Guancheng New Materials fell by 9.98%, with a market value of 61.51 billion [2] - Sanmu Group declined by 9.94%, with a market value of 36.68 billion [2] - Other notable declines include Minfa Aluminum (-9.92%), Fulongma (-9.42%), and Mindong Power (-9.24%) [2] Market Reactions - The stocks of Haixia Innovation and Pingtan Development were suspended for trading due to significant price deviations from their fundamentals, indicating potential overvaluation prior to the suspension [1]

每日经济新闻 每经AI快讯，11月18日，工业金属板块盘中跳水，闽发铝业跌超8%，常铝股份、宏创控股跌超5%，豫 光金铅、锌业股份等跟跌。 ...

Core Viewpoint - The company is currently producing aluminum profiles related to battery trays for electric vehicles and plans to expand its product offerings based on market demand [1] Group 1 - The company is actively involved in the production of aluminum profiles specifically for battery trays used in electric vehicles [1] - Future plans include exploring related markets and diversifying product types in response to market needs [1]

Investment Rating - The report maintains an "Overweight" rating for the non-ferrous metals sector [1]. Core Views - The non-ferrous metals sector saw a weekly increase of 1.07% from November 10 to November 14, outperforming the overall market index [14]. - Precious metals, particularly gold, are expected to maintain a bullish outlook in the medium term despite short-term fluctuations due to changing interest rate expectations [4][49]. Summary by Sections Market Review - The Shanghai Composite Index fell by 0.18%, while the non-ferrous metals sector ranked 16th among 31 sectors, outperforming the index by 1.25 percentage points [14]. - Precious metals increased by 2.77%, energy metals by 2.47%, and industrial metals by 1.56%, while small metals and new materials declined by 1.42% and 3.22%, respectively [14]. Industrial Metals - **Copper**: Prices rose with LME copper at $10,846 per ton (up 1.41%) and SHFE copper at ¥86,900 per ton (up 1.12%). Supply remains weak, with Codelco's September production down 7.2% year-on-year [2][31]. - **Aluminum**: LME aluminum reached $2,859 per ton (up 1.41%), driven by increased demand from the electric vehicle sector, where sales exceeded 50% of total new car sales in October [3][35]. - **Zinc**: Prices fell with LME zinc at $3,015 per ton (down 1.70%) and SHFE zinc at ¥22,470 per ton (down 1.30%). Zinc inventories increased, indicating a bearish trend [41]. - **Tin**: LME tin rose to $36,860 per ton (up 2.90%) due to reduced exports from Indonesia, which halved in October [45]. Precious Metals - **Gold**: COMEX gold closed at $4,084.40 per ounce (up 1.91%), while SHFE gold was at ¥953.20 per gram (up 3.47%). The resumption of U.S. government operations alleviated liquidity concerns, boosting prices [4][49]. - The Federal Reserve's hawkish comments and the lack of supporting economic data have led to a decrease in December rate cut expectations from 95% to around 50%, causing some price corrections in precious metals [50]. Inventory Changes - Copper inventories decreased, with LME at 135,700 tons (down 0.13%) and SHFE at 109,400 tons (down 4.89%) [29][34]. - Aluminum inventories increased slightly, with LME at 552,400 tons (up 0.57%) and SHFE at 114,900 tons (up 1.38%) [35].

证券日报网讯 11月16日晚间，闽发铝业发布公告称，公司股票2025年11月12日、11月13日和11月14日 连续3个交易日内收盘价格涨幅偏离值累计超过20%，属于股票交易异常波动。经核查，公司前期披露 信息无需更正或补充；公司、控股股东及持股5%以上股东不存在应披露而未披露的重大事项；公司生 产经营正常，内外经营环境未发生重大变化。公司股东黄天火及其一致行动人在股票交易异常波动期间 卖出公司股票。 （文章来源：证券日报） ...

证券代码：002578 证券简称：闽发铝业 公告编号：2025-046 福建省闽发铝业股份有限公司 关于股价异动的公告 2、经查询，公司、控股股东、持股5%以上股东及其一致行动人不存在关于 本公司的应披露而未披露的重大事项，也不存在处于筹划阶段的其他重大事项； 3、近期公共媒体未报道可能或已经对本公司股票交易价格产生较大影响的 未公开重大信息； 4、公司生产经营情况正常，内外经营环境未发生重大变化； 5、公司控股股东在公司股票交易异常波动期间未买卖本公司股票。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、股票交易异常波动情况 福建省闽发铝业股份有限公司（以下简称 "公司" ）股票（证券简称：闽 发铝业，证券代码：002578）2025年11月12日、11月13日和11月14日连续3个交 易日内收盘价格涨幅偏离值累计超过了20％，根据深圳证券交易所的有关规定， 属于股票交易异常波动的情况。 二、公司关注、核实情况说明 针对公司股票异常波动，公司对有关事项进行了核查，有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 特此公告。 福建省闽 ...

据天眼查APP显示，福建省闽发铝业股份有限公司成立于1997年09月15日，注册资本93863.0183万人民 币。（数据宝） （文章来源：证券时报网） 数据宝统计，截至10:50，闽发铝业成交额11.69亿元，创上市以来新高。最新股价上涨4.93%，换手率 26.29%。上一交易日该股全天成交额为9.69亿元。 ...

据天眼查APP显示，福建省闽发铝业股份有限公司成立于1997年09月15日，注册资本93863.0183万人民 币。（数据宝） （文章来源：证券时报网） 数据宝统计，截至10:15，闽发铝业成交额10.26亿元，创2024年1月4日以来新高。最新股价上涨 7.60%，换手率23.07%。上一交易日该股全天成交额为9.69亿元。 ...