CATL(SZ:300750) Sou Hu Cai Jing·2025-08-11 02:15Group 1 - The 2025 China (Yichun) Lithium Battery Industry Conference was held in Yichun, Jiangxi, highlighting the shift from "involution" in the downstream to upstream lithium resource production regulation [1] - Jiangxi and Qinghai have begun to standardize lithium resource production, with the Yichun Natural Resources Bureau requiring local lithium mining companies to prepare reserve verification reports by September 30 [1] - A significant event in lithium production reduction occurred on August 10, with the suspension of mining operations in the Yifeng County area, potentially leading to a monthly supply loss of approximately 0.8 thousand tons of LCE, which is about 8% of the domestic lithium carbonate monthly supply [1] Group 2 - The gold market experienced volatility due to initial reports of a gold tariff, which later were clarified by the U.S. government as a misunderstanding, leading to a sharp price drop [2] - The People's Bank of China has increased its gold reserves for nine consecutive months, indicating a potential upward trend in gold prices driven by interest rate cuts and de-dollarization [2] - The industrial metals sector is expected to benefit from the ongoing "involution" optimization, improving profitability across various segments and supporting metal price increases [2] Group 3 - As of the end of July, the sector weights in the China Securities Nonferrous Metals Index, tracked by the Nonferrous Metal ETF, are copper (24.5%), aluminum (15.3%), gold (14.4%), rare earths (11.5%), and lithium (8.2%), providing a diversified investment opportunity [4] - The Nonferrous Metal ETF (159876) has shown resilience, with a 1.05% increase on August 8, marking a five-day consecutive rise [2]