Di Yi Cai Jing·2025-11-11 00:24Core Viewpoint - The article emphasizes a bullish outlook for the non-ferrous metals market, driven by constrained supply and strong demand, with expectations of a "new quality productivity bull market" extending into 2026 [1] Group 1: Market Outlook - In early 2024, the company identified a bull market for resource commodities due to supply constraints, which is expected to be validated in 2024 and 2025 [1] - The non-ferrous metals sector is anticipated to experience significant market movements, with a continued bullish trend expected through 2026 [1] Group 2: Demand Drivers - The current bull market is characterized by strong demand directed towards "new quality productivity," contrasting with the previous cycle that focused on real estate and infrastructure [1] - The rapid rise of China and its substantial industrial advantages are key factors supporting the ongoing bull market [1] Group 3: Future Growth Catalysts - Supply constraints and robust demand are highlighted as defining features of the current bull market [1] - Emerging technologies such as AI, robotics, and new materials are expected to drive strong growth cycles in the sector [1]