大成有色ETF(159980.SZ)最新单日净申购1亿元！美联储降息再次落地，铜价中期上涨动力坚实

Group 1 - The core viewpoint of the news highlights the significant inflow of funds into the Dachen Nonferrous ETF (159980.SZ), which has attracted a total of 964 million yuan over the past 33 days, indicating a shift of capital from the gold and silver markets to the nonferrous metals sector due to its solid supply-demand dynamics [1] - On October 29, the Dachen Nonferrous ETF recorded a single-day subscription amount of 100 million yuan, raising its total fund size to 2.473 billion yuan, marking a new high in both share and fund size since its inception [1] - The global copper supply shortage is intensifying, with disruptions such as the shutdown of the Grasberg copper mine in Indonesia and accidents at the El Teniente mine in Chile, leading to a forecasted decline in global copper mine growth to 1.4% by 2025 and a potential supply-demand gap of 150,000 tons by 2026 [1] Group 2 - The macroeconomic policy environment is favorable, as the Federal Reserve lowered interest rates by 25 basis points on October 29, which is expected to weaken the dollar and enhance the financial attributes of commodities [2] - The "14th Five-Year Plan" in China emphasizes resource security, with policies in renewable energy and infrastructure likely to boost demand for copper and aluminum [2] - The copper price is expected to rise due to a structural tightness cycle, with demand shifting from traditional industrial sectors to technology and energy sectors, driven by global energy transition and AI revolution [2]