Sou Hu Cai Jing·2025-12-12 02:26Core Viewpoint - The non-ferrous metal sector is experiencing significant growth, with the Non-Ferrous Metal Leader ETF (159876) seeing a price increase of over 1.5% during trading, reflecting strong investor confidence in the sector's future performance [1] Group 1: ETF Performance - The Non-Ferrous Metal Leader ETF (159876) has gained 0.77% as of the latest update, with a net subscription of 12 million units, indicating a total capital inflow of 140 million yuan over the past four days [1] - Key constituent stocks such as Western Mining, Tin Industry Co., and Chihong Zinc & Germanium have all risen by over 3%, while other stocks like Yunnan Aluminum and Zijin Mining have increased by more than 2% [1] Group 2: Key Stocks and Market Trends - The top-performing stocks in the ETF include Western Mining (3.96%), Tin Industry Co. (3.81%), and Chihong Zinc & Germanium (3.56%), with significant trading volumes reported [2] - The outlook for industrial metals such as copper, aluminum, cobalt, and lithium is positive for 2025, driven by three main factors: energy transition, AI revolution, and strategic reserves amid global competition [2] Group 3: Market Cycle and Investment Strategy - The duration of the super cycle for non-ferrous metals is likely to extend until 2026, influenced by the recovery of the US dollar, strategic reserve progress, and the effectiveness of "anti-involution" policies [3] - A diversified investment approach through the Non-Ferrous Metal Leader ETF and its associated funds is recommended to mitigate risks and capture the overall sector's performance [4]