有色60ETF（159881）当日涨超1.3%，工业金属供需趋紧支撑价格中枢

Group 1 - The core viewpoint of the article highlights that the industrial metal sector is experiencing price increases due to rising expectations of interest rate cuts by the Federal Reserve, with specific impacts on copper, aluminum, and zinc prices [1] - Copper prices are influenced by the U.S. Section 232 investigation into copper imports, leading traders to ship record amounts of copper to the U.S. to avoid potential tariffs, resulting in a significant inventory shortage outside the U.S. [1] - LME deliverable copper inventory has plummeted by approximately 80% this year, with spot prices reaching a premium of $300/ton over three-month futures, the highest since 2021 [1] Group 2 - Aluminum prices are benefiting from supply disruptions in Guinea's bauxite, highlighting the vulnerability of the supply chain [1] - Zinc prices are showing strength due to ongoing depletion of LME inventories [1] - The overall supply-demand dynamics for industrial metals are tightening, with expectations of reduced copper smelting and processing fees potentially leading to production cuts, indicating strong medium to long-term price support [1] Group 3 - The Nonferrous 60 ETF (159881) has risen over 1.3%, tracking the performance of the nonferrous metal industry in the A-share market [1] - The index reflects the overall performance of listed companies involved in the mining, smelting, and processing of nonferrous metals, covering various sub-sectors including precious and rare metals [1] - Investors without stock accounts may consider related ETF products such as Guotai Zhongzheng Nonferrous Metal ETF Initiated Link A (013218) and Guotai Zhongzheng Nonferrous Metal ETF Initiated Link C (013219) [1]