Hua Xia Shi Bao·2025-07-15 12:55Core Viewpoint - The non-ferrous metal sector has emerged as a standout performer in the A-share market for the first half of 2025, with a significant cumulative increase of 18.12% in stock prices, reflecting strong market sentiment and positive earnings forecasts from many companies in the sector [1][2]. Group 1: Performance Highlights - As of July 14, 2025, 61 non-ferrous metal companies have released their mid-year earnings forecasts, with 42 companies expecting positive performance, significantly above the overall A-share market level [1][4]. - Northern Rare Earth is leading the sector with an expected net profit increase of 1882.54% to 2014.71%, projecting a net profit of 900 million to 960 million RMB for the first half of 2025 [4]. - Zijin Mining anticipates a net profit of approximately 23.2 billion RMB for the first half of 2025, representing a year-on-year increase of about 54% [2]. Group 2: Company-Specific Developments - Ningbo Fubang expects to achieve a net profit of 800,000 to 1.2 million RMB, marking a turnaround from losses in the previous year, driven by the acquisition of Electric Alloy and rising silver prices [3]. - 27 companies in the non-ferrous metal sector are forecasting a net profit increase of over 100%, with significant contributions from companies like Suotong Development and Guocheng Mining, which expect net profit increases of 1335.37% to 1622.45% and 1046.75% to 1174.69%, respectively [4][5]. Group 3: Market Trends and Future Outlook - The non-ferrous metal sector is experiencing a robust demand driven by rising prices of gold and copper, with gold prices increasing nearly 30% this year, leading to substantial profit growth for gold mining companies [7]. - The industry is entering a potentially sustained boom period of 3 to 5 years, supported by both short-term recovery in demand post-pandemic and long-term structural changes due to the energy transition [7]. - Institutional interest in the sector is rising, with companies like Northern Rare Earth being closely monitored by 44 institutions, focusing on product structure optimization and enhancing high-value product offerings [8].