Ge Long Hui·2025-09-30 12:25Group 1 - The core viewpoint is that the non-ferrous metal sector is experiencing a sustained increase due to rising gold prices, expectations of interest rate cuts, and heightened demand for safe-haven assets [1] - The Non-Ferrous Metal ETF (512400) has risen by 3.51% today, over 11% in the past five days, and more than 71% year-to-date, making it the only ETF tracking the China Securities Index for non-ferrous metals [1] - The ETF has seen a net inflow of 2.94 billion yuan in the last 20 days, with a current scale of 13.315 billion yuan, making it the only non-ferrous industry ETF exceeding 10 billion yuan in size [1] Group 2 - Eight departments have issued the "Non-Ferrous Metal Industry Stabilization and Growth Work Plan (2025-2026)", targeting an average annual growth of around 5% in the industry's added value and a 1.5% annual growth in the production of ten non-ferrous metals [2] - Zijin Mining International has officially listed on the Hong Kong Stock Exchange with an issue price of 71.59 HKD, raising 3.49 billion shares, and saw its stock price surge by 64% on the first trading day [2] Group 3 - Spot gold has surpassed 3,850 USD, and with the Federal Reserve's interest rate cuts, frequent supply disruptions in commodities, and the seasonal demand in China, industrial metal prices are expected to continue rising [3]