TRUCHUM(SZ:002171) Xin Lang Ji Jin·2025-10-28 05:55Group 1 - The core viewpoint is that the recent pullback in the non-ferrous metals sector after three days of strong gains may present a mid-to-long-term investment opportunity, driven by three main investment logic points [1][2][3]. Group 2 - Strategic positioning is being elevated from "cyclical commodities" to "strategic assets," with China holding a leading position in the rare earth sector, accounting for 61% of global mining share in 2024 and over 90% of the refining process concentrated in China [1]. - The supply-demand dynamics are tightening, with limited supply and rigid demand supporting prices, particularly for copper, which is nearing historical highs due to factors like grid upgrades and AI, alongside a significant reduction in supply from the Grasberg mine in Indonesia [2]. - The monetary attributes of industrial metals are becoming more pronounced, with expectations of a potential interest rate cut by the Federal Reserve, which could enhance liquidity and support industrial metal prices [3]. Group 3 - On the market front, the non-ferrous metals ETF (159876) experienced a decline of 2.89% after three consecutive days of gains, indicating a potential buying opportunity for investors [4]. - Among the constituent stocks, Chujiang New Material saw a limit-up increase, while companies like Western Superconducting and Innovation New Materials also performed well, contrasting with declines in stocks like Tongling Nonferrous Metals and Huayou Cobalt [4]. Group 4 - The non-ferrous metals sector is characterized by varying degrees of prosperity and driving factors, suggesting that a diversified investment approach through ETFs tracking the non-ferrous metals index could mitigate risks and enhance returns [7].