矿业ETF（561330）涨超2.4%，金属价格有望强势运行

Group 1 - The core viewpoint is that the Federal Reserve's CPI data is lower than expected, opening up room for interest rate cuts, which is likely to lead to strong performance in metal prices [1] - Precious metal prices are expected to remain high due to the onset of the Federal Reserve's interest rate cut cycle, combined with global geopolitical risks and safe-haven demand [1] - Domestic expectations for policy and infrastructure demand are boosted by the 20th National Congress of the Communist Party, with fiscal and monetary policies likely to maintain a dual easing approach, improving macro sentiment that supports basic metals like copper and aluminum [1] Group 2 - The copper sector is benefiting from an increase in both the quantity and price of mined copper, with an improved supply-demand balance leading to significant price elasticity under the resonance of macro and fundamental factors [1] - The Mining ETF (561330) tracks the non-ferrous mining index (931892), which selects securities related to the development of copper, aluminum, lead-zinc, and rare metals to reflect the overall performance of the non-ferrous metal mining industry [1] - The Mining ETF (561330) has an excess return of over 10% compared to the CSI Non-Ferrous Index, featuring a more concentrated selection of leading companies, with a higher proportion of "gold + copper + rare earths" [1]