美联储重启降息，利好贵金属+铜铝

Group 1: Precious Metals - The Federal Reserve has restarted interest rate cuts, which is favorable for precious metals [2][3] - The London gold price is $3663.15 per ounce, up $12.05 from September 12, with a growth rate of 0.33% [2][3] - The London silver price is $42.24 per ounce, down $0.02 from September 12, with a decline of -0.05% [2][3] Group 2: Copper and Aluminum - The LME copper closing price is $9982 per ton, down $86 from September 12, with a decline of -0.85% [5] - The SHFE copper closing price is 79910 yuan per ton, down 1450 yuan from September 12, with a decline of -1.78% [5] - Domestic aluminum price is 20840 yuan per ton, down 210 yuan from September 12 [7] - The supply side for aluminum is improving, with mid-term demand showing positive trends [7][11] Group 3: Tin and Antimony - Domestic refined tin price is 269010 yuan per ton, down 5560 yuan from September 12, with a decline of -2.02% [8] - Antimony price is 172500 yuan per ton, down 4000 yuan from September 12, with a decline of -2.27% [9] - Supply for tin is tight due to ongoing maintenance at smelting plants and raw material shortages [8] - Antimony demand is weak, but long-term supply tightness may support prices [12] Group 4: Investment Ratings - The gold industry is rated "recommended" due to expected price increases following the Fed's rate cut [10][14] - The copper industry is also rated "recommended" as supply disruptions and seasonal demand are anticipated [11][14] - The aluminum industry is rated "recommended" with expectations of tightening supply in the medium to long term [11][14] - The tin industry is rated "recommended" due to supply tightness potentially supporting prices [12][14] - The antimony industry is rated "recommended" despite short-term demand weakness, as long-term supply tightness may support prices [12][14]