Zhi Tong Cai Jing·2025-09-18 01:45Group 1 - The core point of the articles highlights a decline in non-ferrous metal stocks, with specific companies like Jiangxi Copper, Luoyang Molybdenum, China Aluminum, and Zijin Mining experiencing notable drops in their stock prices [1] - The Federal Reserve announced a 25 basis point reduction in the federal funds rate target range to between 4.00% and 4.25%, indicating a cautious approach towards long-term rate cuts despite acknowledging a weak labor market [1] - The market anticipates further guidance from the Federal Reserve regarding future rate cuts, while ongoing negotiations between China and the U.S. may increase volatility in metal prices [2] Group 2 - The report from Guotai Junan Securities indicates that the U.S. August CPI met expectations, and the weakening job market has led to rising expectations for rate cuts, positively impacting precious and industrial metal prices [2] - Concerns about a potential recession are growing due to the continuous weakening of the job market, but supportive domestic and international policies, along with the upcoming demand season, may help industrial metals perform well [2]