Sou Hu Cai Jing·2025-10-30 06:45Core Viewpoint - The non-ferrous metal mining sector continues to show strong performance, with significant gains in lithium-related stocks driven by positive industry fundamentals and robust earnings support [1][3]. Group 1: Market Performance - As of October 30, the mining ETF (159690) surged over 2%, with a year-to-date increase of 88.93% [1]. - The ETF recorded a half-day trading volume of 9.3016 million yuan, indicating active trading [1]. Group 2: Lithium Sector Highlights - Lithium-related stocks are leading the gains, with companies like Yongxing Materials reaching a 60-day high, and Tianqi Lithium, Ganfeng Lithium, Huayou Cobalt, and Shengxin Lithium Energy also showing significant increases [3]. - Ganfeng Lithium reported a 364% year-on-year increase in net profit for Q3, reaching 557 million yuan [3]. - Tianqi Lithium successfully turned a profit in the first half of the year, while Yongxing Materials maintained stable profitability due to its cost advantages [3]. Group 3: Price and Supply Dynamics - There are signs of a rebound in lithium prices, with the carbon lithium futures price rising by 4.17% to 79,940 yuan/ton on October 23 [3]. - The lithium industry is transitioning from an expansion phase to a stage where capacity is gradually being cleared, with a shift in downstream purchasing sentiment from "de-stocking" to "safety stock replenishment" [3]. - Factors such as growing energy storage demand and seasonal supply disruptions are providing short-term support for lithium prices [3].