年内涨幅超73%，有色金属板块冲刺A股年度冠军

Core Viewpoint - The non-ferrous metal sector in A-shares has experienced a remarkable rally in 2025, with an annual increase of 73.67%, surpassing the communication sector and leading the market [1] Group 1: Market Performance - The non-ferrous metal sector has seen significant individual stock performances, with Srey New Materials (688102.SH) leading with a 340.01% increase, and several other leading companies like Zhaojin Gold (000506.SZ) and Xinyi Silver Tin (000426.SZ) also showing over 150% gains [1] - A total of 26 stocks in the sector have doubled in value, marking 2025 as a standout year for A-shares [1] - The non-ferrous metal sector is currently 0.7 percentage points ahead of the second-place communication sector in annual growth, with only 12 trading days left in the year [1] Group 2: Historical Context - Historically, the non-ferrous metal sector has never topped the annual growth rankings, achieving second place twice since 2000 but failing to maintain consecutive years in the top five [5] - The sector's past performance has been closely tied to super cycles in commodities and global monetary easing, with notable declines following previous peaks [5][6] Group 3: Future Outlook - The upcoming year, 2026, poses a critical question: whether the non-ferrous metal sector will follow historical patterns of correction or break the "champion curse" [2][6] - The sector's high valuation levels present a challenge for continued growth, with the non-ferrous metal index reaching a historical high of 7499.07 points, approximately 17% below the previous peak in 2007 [6] - Analysts suggest that the performance of the sector in 2026 will depend on the dynamics of metal prices and demand, with specific drivers identified for gold, silver, copper, and aluminum [7][8]