Sou Hu Cai Jing·2025-09-17 07:39Core Viewpoint - The non-ferrous metal index experienced a rapid increase on September 17, closing up 0.21% after a significant drop of 1.73% earlier in the day, indicating a potential recovery in the sector driven by expectations of a Federal Reserve interest rate cut [1] Market Performance - On September 17, individual stocks such as Northern Copper and Yunnan Copper saw significant gains, with Northern Copper hitting the daily limit and Yunnan Copper, Jiangxi Copper, and Huafeng Aluminum achieving maximum intraday increases of 5.14%, 4.49%, and 4.9% respectively [1] Economic Context - The non-ferrous metal sector faced a substantial pullback on September 16 as some investors took profits ahead of the anticipated Federal Reserve interest rate decision, which is expected to result in a 25 basis point cut [1] Analyst Insights - According to the chief metal analyst at CITIC Futures, the onset of a rate cut cycle is likely to lower the US dollar index, which typically benefits non-ferrous metals. Supply constraints for copper and aluminum this year, combined with rising gold prices stimulating speculative demand, suggest that domestic demand remains resilient, potentially leading to an upward price trend [1] Long-term Outlook - The fundamental support for the non-ferrous metal sector remains unchanged in the medium to long term, driven by expectations of a Federal Reserve rate cut, strong gold performance, and ongoing supply constraints for certain metals, which may continue to support price levels in the sector [1]