CATL(SZ:300750) Sou Hu Cai Jing·2025-08-11 02:57Group 1 - The core event is the suspension of operations at the Jiangxiawo lithium mine, which is expected to be a significant indicator of lithium production reduction in China [1] - The Jiangxiawo mine and its associated refining plant account for approximately 12.5% of China's total lithium carbonate supply, leading to a potential supply gap of several thousand tons per month in the third quarter [1][4] - The rare metals ETF has seen a strong increase, with a 1.89% rise on August 11, 2025, and notable gains in constituent stocks such as Shengxin Lithium Energy, which rose by 10.02% [1] Group 2 - Over the past 10 trading days, the rare metals ETF has recorded net inflows on 6 days, totaling 24.92 million yuan, with an average daily net inflow of 2.49 million yuan [2] - The rare metals ETF has achieved a net value increase of 63.99% over the past year, ranking first among comparable funds [2] - The ETF's performance since inception includes a highest monthly return of 24.11% and an average monthly return of 7.93% during rising months [2] Group 3 - The industrial metals sector is currently undervalued, indicating potential for upward valuation correction, supported by a bullish trend in non-ferrous metals [4] - The suspension of the Jiangxiawo mine may lead to a significant improvement in the supply-demand balance for lithium, with expectations of price increases if the supply gap persists [4] - The rare metals ETF closely tracks the Zhongzheng Rare Metals Theme Index, focusing on companies involved in mining, smelting, and processing of strategic resources like lithium and rare earths [4]