CNRE(SH:600111) Xin Lang Ji Jin·2025-08-07 06:10Core Viewpoint - The non-ferrous metal sector is experiencing rapid rotation, with various metals like gold, copper, aluminum, rare earths, and lithium taking turns in performance, indicating strong market activity [1] Group 1: Market Performance - As of August 7, rare earth stocks are leading the non-ferrous metal sector, with major players like Northern Rare Earth and Shenghe Resources rising over 6% [1] - The non-ferrous metal sector has seen a cumulative increase of 24.91% year-to-date, making it the top-performing sector among 31 categories [6] - The non-ferrous metal ETF (159876) has recorded a 1.07% increase, achieving five consecutive days of gains, reflecting positive market sentiment [1][6] Group 2: Price Movements and Policies - Lithium carbonate futures have surged by 5% to 72,140 yuan/ton, benefiting lithium compound producers [3] - The "anti-involution" policy implemented in Jiangxi and Qinghai is expected to optimize the supply structure of the lithium industry, supporting long-term price stability [3][4] - The Ministry of Industry and Information Technology plans to introduce a growth stabilization plan for key industries, including non-ferrous metals, viewed as a continuation of the 2016 supply-side reform [5] Group 3: Investment Opportunities - Analysts suggest focusing on three major metals: gold, copper, and aluminum, while also considering strategic metals like rare earths due to their geopolitical significance [3][4] - The current low valuation of the non-ferrous metal sector, with a price-to-book ratio of 2.36, indicates potential for valuation recovery [6] - The sector is expected to benefit from increased demand in emerging industries and limited supply growth, leading to a balanced supply-demand situation [5]