矿业ETF（561330）涨超1.1%，主要矿产价格稳中有升支撑行业景气预期

Group 1 - The core viewpoint is that the prices of major minerals such as copper and aluminum are steadily rising, while gold and silver prices continue to increase, indicating a potential stable growth in mining demand in the future [1] - Capital expenditure for mining companies is expected to remain relatively high in the medium to long term, driven by both maintenance and new capital expenditures [1] - The mining machinery industry is likely to experience stable demand due to stable maintenance capital expenditures, despite rising mining costs and long-term declines in ore grades supporting excess growth in mining machinery [1] Group 2 - The global mining machinery market exceeds $120 billion, with the aftermarket accounting for 60%-70% of this market, while front-end mining and transportation equipment have a higher value share compared to back-end crushing and grinding processes [1] - Major players in the overseas mining machinery market include Caterpillar and Komatsu, while Chinese companies are gradually expanding into international markets through enhanced product competitiveness and cost-effective strategies [1] - The mining ETF (561330) tracks the non-ferrous metals mining index (931892), which selects listed companies involved in the mining, smelting, and processing of non-ferrous metals, reflecting the overall performance of China's non-ferrous metals industry with strong cyclical characteristics [1]