Xin Lang Ji Jin·2025-09-25 07:07Core Viewpoint - The Federal Reserve has restarted interest rate cuts after nine months, lowering rates by 25 basis points, which aligns with market expectations and signals the potential beginning of a new easing cycle [1] Group 1: Market Impact - The Fed's rate cut is expected to support the non-ferrous metals sector by enhancing purchasing demand and boosting metal prices due to a weaker dollar [1] - The easing of monetary policy is likely to improve liquidity globally, increasing risk appetite and attracting funds to cyclical commodities, particularly in the non-ferrous metals sector [1] - A moderate global economic recovery driven by lower financing costs is anticipated to benefit demand for industrial metals like copper, aluminum, and zinc, as well as strategic metals such as nickel and rare earths [1] Group 2: Supply and Demand Dynamics - The fundamentals for most non-ferrous metals remain strong, supported by global economic recovery and domestic policies aimed at optimizing production factors [2] - The ongoing "anti-involution" policies in China are expected to enhance profitability across various sectors, facilitating the transmission of rising metal prices to downstream industries [2] Group 3: Market Performance - The non-ferrous metals sector ETF (159876) experienced a significant increase, with a peak intraday rise of 2.7% and a cumulative increase of 55.21% since its low on April 8, outperforming major indices [3] - Leading copper companies have shown substantial gains, with several stocks, including Luoyang Molybdenum and Northern Copper, experiencing significant price increases [3] Group 4: Investment Strategy - A diversified investment approach through the non-ferrous metals sector ETF and its associated funds is recommended to capture the overall sector's performance while mitigating risks [7]