短期狂欢？还是超级周期？有色龙头ETF盘中上探2.5%创新高，获资金净申购1860万份！

Group 1 - The core viewpoint of the news highlights the strong performance of the non-ferrous metal sector, particularly the Non-Ferrous Metal Leader ETF (159876), which saw a peak increase of 2.58% before closing down 3.44% on October 14, with a total trading volume of 140 million yuan and a net subscription of 18.6 million units throughout the day [1] - The Non-Ferrous Metal Leader ETF has attracted a total of 297 million yuan in net inflows over the past four days, reaching a historical high of 635 million yuan as of October 13 [1] - The Ministry of Industry and Information Technology and seven other departments have jointly issued a "Work Plan for Stable Growth in the Non-Ferrous Metal Industry (2025-2026)", marking a new phase of "institutional support + structural prosperity" for the industry [2] Group 2 - The supply side faces challenges with limited new copper mine discoveries and slow release of refined copper capacity, exacerbated by an accident at the Grasberg copper mine in Indonesia, which may tighten global copper supply expectations [5] - On the demand side, a new engine driven by AI and renewable energy is emerging, with significant demand for copper, aluminum, lithium, and rare earths from sectors like data centers, power infrastructure upgrades, and new energy vehicles [5] - The industry is expected to enter a long-term upward price cycle due to capital expenditure cycles and increasing demand for strategic metal resources amid global manufacturing investment trends [6] Group 3 - The Non-Ferrous Metal Leader ETF (159876) and its linked funds are designed to track the CSI Non-Ferrous Metal Index, which includes significant weights in copper (27.6%), gold (14.5%), aluminum (13.1%), rare earths (10.4%), and lithium (8.4%), providing a diversified investment approach [8] - The recent performance of individual stocks within the sector shows notable gains, with companies like Chuangjiang New Material and Huayu Mining seeing increases of over 10% and 5% respectively, while Tengyuan Cobalt and others faced declines exceeding 11% [4]