CNRE(SH:600111) Sou Hu Cai Jing·2025-08-30 17:38Group 1 - The core viewpoint of the article highlights the positive performance of the non-ferrous metal sector, driven by various factors including supply constraints and recovering demand in the domestic market [1] - The aluminum sector is supported by low social inventory and a rebound in real estate and automotive orders, with expectations of high aluminum prices due to rising interest in Federal Reserve rate cuts [1] - Precious metals, particularly gold, are gaining attention as U.S. employment data shows downward pressure, increasing the probability of a rate cut in September, which enhances gold's investment appeal [1] Group 2 - The copper market faces production disruptions in major overseas mining regions, with declining resource grades and insufficient capital expenditure limiting long-term supply, while demand from the renewable energy sector is expected to create additional growth opportunities [1] - Macro-level support comes from ongoing domestic growth stabilization policies, increased infrastructure investment, and a recovering manufacturing sector, alongside expectations of loose overseas liquidity, which could catalyze the metal sector [1] - Overall, the non-ferrous metal industry is on an upward trend in terms of prosperity, with attractive investment opportunities in the non-ferrous metal ETF (512400.SH) [1]