Xin Lang Cai Jing·2025-10-23 07:15Core Viewpoint - The non-ferrous metal industry index has shown strong performance, with significant gains in lithium-related stocks, driven by advancements in solid-state battery technology and expanding applications in various sectors [1][2]. Group 1: Industry Performance - As of October 23, 2025, the non-ferrous metal industry index (399395) increased by 1.23%, with notable stock performances from companies like Zhongfu Industrial (600595) up 5.82% and Ganfeng Lithium (002460) up 5.20% [1]. - The non-ferrous ETF fund (159880) rose by 1.13%, with the latest price at 1.71 yuan [1]. Group 2: Technological Advancements - At the 2025 New Energy Battery Industry Development Conference, Xinwanda introduced a new generation of polymer all-solid-state batteries with an energy density of 400 Wh/kg and a cycle life of 1200 weeks under ultra-low pressure [1]. - Xinwanda plans to establish a 0.2 GWh polymer solid-state battery pilot line by the end of this year and has successfully developed laboratory samples of lithium metal super batteries with an energy density of 520 Wh/kg [1]. Group 3: Market Trends - The application of lithium batteries is rapidly expanding into diverse fields such as electric two-wheelers, low-altitude economy, robotics, and RVs [2]. - In the first half of 2025, domestic sales of lithium batteries for electric two-wheelers surged by over 40% year-on-year, with industrial and consumer-grade drone batteries expected to grow at a CAGR of 18.08% from 2025 to 2030 [2]. - Global robot shipments are projected to increase by over 39% in 2024, while RV lithium battery sales are expected to grow at a CAGR of 8.55% from 2025 to 2031 [2]. Group 4: Index Composition - As of September 30, 2025, the top ten weighted stocks in the non-ferrous metal industry index include Zijin Mining (601899), Northern Rare Earth (600111), and Ganfeng Lithium (002460), collectively accounting for 53.12% of the index [3].