有色金属行业深度报告，利好公司梳理（附名单

Group 1: Industry Overview - The non-ferrous metal sector in A-shares continues to strengthen, with the industry index closing at 6413.26 points, a weekly increase of 7.16%, and a year-to-date increase of 48.52%, significantly outperforming the CSI 300 index [1][6][7] - Sub-industries such as industrial metals, precious metals, and minor metals all recorded positive weekly growth, with the minor metals index rising by 12.02% [1][6] - Key companies with notable weekly gains include Jinli Permanent Magnet (+35.31%), China Rare Earth (+22.83%), and Zhangyuan Tungsten (+22.12%) [1][13] Group 2: Price Trends - Copper prices increased by 0.89% to 79,410 yuan/ton, driven by tight global copper supply and domestic shortages of anode plates and scrap copper [1][19] - The prices of lithium battery materials have generally declined, with battery-grade lithium carbonate priced at 77,500 yuan/ton, down 3.13% [2][57] - Precious metals continued their upward trend, with gold and silver prices at 785.12 yuan/gram and 9,386 yuan/kilogram, reflecting weekly increases of 1.22% and 1.80% respectively [2][45] Group 3: Supply and Demand Dynamics - The rare earth sector faces tightening supply due to the implementation of total control policies on mining and separation, with praseodymium and neodymium oxide priced at 597,500 yuan/ton [2][57] - The demand for lithium and rare earth materials is supported by emerging sectors such as new energy vehicles and wind power, with leading companies maintaining high operating rates [2][57] - The copper supply gap is expected to widen as smelter operating rates may drop to 59.9% starting in September, further tightening supply [3][19] Group 4: Investment Recommendations - Key companies in the copper industry chain to focus on include Zijin Mining, Luoyang Molybdenum, and Tongling Nonferrous Metals [1] - The performance of companies in the rare earth sector, such as Jinli Permanent Magnet and Northern Rare Earth, is expected to benefit from strong demand and high operating rates [2][57] - The overall investment sentiment in the non-ferrous metal sector remains positive, with expectations of continued price increases in the context of seasonal demand recovery [1][3]