矿业ETF（561330）涨超2.1%，有色60ETF（159881）涨超2.0%，工业金属供需格局驱动短期价格偏强

Group 1 - The core viewpoint is that industrial metal prices are expected to rise due to delayed tariff negotiations and increased expectations of interest rate cuts by the Federal Reserve, alongside the upcoming peak consumption season in China [1] - For copper, the operating rate of refined copper rod enterprises has increased to 70.61%, supported by State Grid orders, which boosts downstream cable consumption, and the enhanced substitution of refined copper rods for scrap copper rods as some production-reduced enterprises resume operations [1] - In the aluminum sector, domestic electrolytic aluminum operating capacity remains high, with industry operating rates recovering, and there are expectations that the peak season will drive consumption [1] Group 2 - The mining ETF (561330) tracks the non-ferrous mining index (931892), which selects listed companies involved in the mining, smelting, and processing of non-ferrous metals to reflect the overall performance of the non-ferrous metal mining sector [1] - The index constituents exhibit significant cyclical characteristics, closely related to global economic conditions and fluctuations in commodity prices, with industry allocation covering basic metals, precious metals, and rare metals [1] - The non-ferrous 60 ETF (159881) tracks the China Securities Non-Ferrous Index (930708), selecting representative companies from the A-share market in the non-ferrous metal industry, covering multiple sub-industries including precious metals, industrial metals, and rare metals [2]