Sou Hu Cai Jing·2025-12-01 06:39Core Viewpoint - The non-ferrous metal sector is experiencing strong performance, with the China Securities Non-Ferrous Metals Index rising by 2.58%, driven by significant gains in leading companies such as Jiangxi Copper and Silver Industry [1][4]. Group 1: Market Performance - As of December 1, the non-ferrous metal sector showed robust performance, with Jiangxi Copper leading the gains at 7.88%, followed by Silver Industry at 7.32%, and Xingye Silver at 7.18% [1]. - The popular ETF, Non-Ferrous Metal Leaders ETF (159876), saw an increase of 2.49%, with a trading volume reaching 34.44 million CNY [1][2]. Group 2: Future Outlook - China Galaxy Securities predicts that by 2025, macroeconomic expectations will improve due to the Geneva Agreement between China and the U.S., leading to a new upward cycle in the non-ferrous metal industry, with continued price increases and enhanced profitability for companies in this sector [1][3]. - The report highlights that the supply chain disruptions caused by tariffs and resource control policies will further support the price and performance of non-ferrous metals [3]. Group 3: Investment Strategy - The Non-Ferrous Metal Leaders ETF (159876) provides comprehensive coverage of various metals, including copper, aluminum, gold, rare earths, and lithium, making it a suitable option for investors looking to diversify their portfolios and mitigate risks associated with investing in single metal sectors [4].