铜供应收紧+小摩高喊明年金价超4000美元，百亿规模的有色金属ETF(512400)冲击三连阳

Group 1 - Copper concept stocks continue to strengthen, with notable increases in Baiyin Nonferrous and Jiangxi Copper, both rising over 5%, and other companies like Xingye Silver and Huayou Cobalt also showing gains [1] - The color metal ETF (512400) has risen by 0.73%, marking its third consecutive day of gains, with a year-to-date increase of 60% [1] Group 2 - The Grasberg copper mine in Indonesia has declared "force majeure" due to a landslide, leading to a projected 35% decrease in copper and gold production by 2026 [2] - The China Nonferrous Metals Industry Association's copper division opposes "involution" competition within the copper smelting industry [2] - Citigroup forecasts copper prices to rise to $12,000 per ton in the next 6 to 12 months [2] - Morgan Stanley projects gold prices to reach between $4,050 and $4,150 per ounce by mid-2026, anticipating continued highs in gold prices [2] - The cobalt export ban from the Democratic Republic of Congo will transition to an export quota starting October 16 [2] - The color metal ETF (512400) is the only ETF tracking the CSI Shunwei Nonferrous Metals Index, covering key sectors such as copper, aluminum, lithium, rare earths, and gold, with a latest scale of 12.582 billion yuan [2]