1.39亿资金大手笔埋伏有色龙头ETF（159876）！美联储鹰派言论，难挡资金进场热情！本周热点怎么看？

Core Viewpoint - The recent surge in investment in the non-ferrous metals sector, particularly through the non-ferrous metal leader ETF (159876), indicates a strong market sentiment anticipating a rebound in this sector. Group 1: Investment Activity - On November 14, the non-ferrous metal leader ETF (159876) saw a net subscription of 150 million shares, amounting to 139 million yuan in a single day, reflecting early capital entry into the non-ferrous sector [1] - The ETF currently holds 152 million shares, with 161 subscription transactions recorded [1] Group 2: Performance Drivers - In the performance aspect, the Q3 2025 report shows that out of 60 constituent stocks in the non-ferrous leader ETF, 56 companies reported profits, with 44 companies experiencing year-on-year net profit growth. Notably, Chujiang New Material's net profit surged 20 times year-on-year, and 10 other companies reported triple-digit net profit increases [2] - The current bull market in non-ferrous resources is characterized as a "new quality productivity bull market," driven by demand from emerging sectors such as new energy, AI, and aerospace, contrasting with the previous market driven by real estate and infrastructure [2] - Supply-side disruptions have intensified supply-demand conflicts, further elevating non-ferrous metal prices and highlighting their scarcity and strategic value [2] Group 3: Policy Support - The joint issuance of the "Non-ferrous Metal Industry Stabilization Growth Work Plan (2025-2026)" by eight departments aims to strengthen strategic resource security and promote digital upgrades in the industry [2] - Policies aimed at optimizing industry supply structures and large-scale infrastructure projects, such as the Yaxi Water Conservancy Project, are expected to create significant demand for non-ferrous metal raw materials [2] Group 4: Market Outlook - Analysts from Dongfang Securities suggest that the non-ferrous metals sector is entering a new cycle driven by supply-demand tightness, with a relatively independent price trend [5] - CITIC Securities anticipates that supply tightness will continue to drive prices of copper and cobalt upward, while lithium prices may benefit from unexpected demand in energy storage [5] - The overall bullish sentiment for precious metals like gold remains unchanged, with attention expected to shift towards underperforming sectors like electrolytic aluminum in the fourth quarter [5] Group 5: Global Economic Factors - The probability of the Federal Reserve maintaining interest rates in December has risen above 50%, which could provide long-term benefits for non-ferrous metals as lower interest rates typically lead to increased demand for physical assets [3] - Geopolitical tensions are expected to drive demand for safe-haven assets like gold, while industrial metals like copper may also see increased investment due to stable demand and supply chain disruptions [4]