关注矿业ETF（561330）投资机会，基本金属价格韧性支撑行业前景

Core Viewpoint - The non-ferrous metals industry is expected to continue its excess returns due to favorable conditions and increased trading activity, with strong profitability forecasts and a leading index for stock prices [1] Group 1: Industry Performance - The prices of industrial metals such as copper and aluminum are influenced by global economic cycles and their own supply-demand dynamics, typically resulting in a positive correlation with industry indices [1] - The profitability forecast index for the non-ferrous metals industry is relatively strong, indicating a leading effect on stock prices [1] Group 2: Market Sentiment - Institutional funds are generally underweight in cyclical sectors, but public funds, foreign capital, and margin trading have slightly overweighted the non-ferrous metals industry, reflecting high market attention [1] - The ongoing construction of a unified national market, along with supply-side reforms and policies to expand domestic demand, is expected to further improve the outlook for the non-ferrous metals industry [1] Group 3: ETF and Index Information - The mining ETF (561330) tracks the non-ferrous mining index (931892), which includes listed companies involved in precious metals, base metals, and rare metals mining and smelting [1] - This index is characterized by strong cyclicality and significant influence from the global economic environment, effectively reflecting market dynamics in the non-ferrous metals mining and smelting industry [1]