矿业ETF（561330）涨超1.4%，有色60ETF（159881）涨超1.7%，政策与供需格局支撑工业金属前景

Group 1 - The core viewpoint indicates that the rebound of the US June CPI to +2.7% and a month-on-month increase of +0.6% in retail data demonstrate consumer resilience, which supports industrial metal prices amid inflation and demand expectations [1] - The expectation of a Federal Reserve interest rate cut has increased, with the market anticipating a 50.8% probability of a rate cut in September, alongside the ongoing "anti-involution" policies in China, suggesting limited pressure on prices during the off-season [1] - Looking ahead to the second half of the year, a loose domestic and international policy environment is expected to lead to a strong performance of industrial metal prices, with a potential boost from the peak season starting in mid-August and the anticipated interest rate cuts [1] Group 2 - The Mining ETF (561330) tracks the non-ferrous mining index (931892), which is compiled by China Securities Index Co., Ltd., selecting listed companies involved in the development of metal resources such as copper, aluminum, and lead-zinc from the Shanghai and Shenzhen markets [1] - The Non-Ferrous 60 ETF (159881) tracks the China Securities Non-Ferrous Index (930708), which also reflects the overall performance of listed companies in the non-ferrous metal sector, showcasing significant industry concentration and cyclical characteristics [1]