Jie Mian Xin Wen·2025-03-24 06:44Group 1 - The core viewpoint of the news is that the non-ferrous metal ETF (512400) has seen a rise of over 2% in early trading, supported by multiple factors including high copper and gold prices, indicating a potential resurgence of the "periodic table" market trend [1][2] - The non-ferrous metal ETF's trading volume reached 145 million yuan in half a day, with significant gains in constituent stocks such as Northern Copper, Quartz Shares, Luoyang Molybdenum, Jiangxi Copper, and Tongling Nonferrous Metals [1] - Luoyang Molybdenum, one of the top ten weighted stocks in the ETF, reported a record revenue of 213.03 billion yuan, a year-on-year increase of 14.37%, and a net profit of 13.53 billion yuan, up 64.03% year-on-year [1] Group 2 - According to Guosheng Securities, expectations of tariffs and a tight supply of copper are driving prices up, with global copper inventory decreasing to 768,000 tons, down by 18,000 tons week-on-week [1] - The U.S. Treasury Secretary revealed that new tariff measures will take effect on April 2, which is expected to increase pressure on tariffs and lead to a transfer of physical inventory to the U.S., further tightening supply and pushing prices higher [1] - The current non-ferrous metal market trend is attributed to the visible risks in the global supply chain and the revaluation of strategic resources, with expectations for a "periodic table" market trend to re-emerge this spring [2]