工业金属超级周期或已来临，有色ETF基金(159880)涨近1%

Group 1 - The core viewpoint of the news highlights a strong performance in the non-ferrous metals sector, with the industry index rising by 1.24% and individual stocks like Chihong Zn & Ge (up 5.19%) and Baotai Co. (up 4.31%) showing significant gains [1] - The recent surge in copper futures, reaching new highs, is attributed to ongoing risks related to U.S. import tariffs on copper, which are expected to support prices [1] - Goldman Sachs has raised its forecast for the average copper price in 2026 from $10,650 per ton to $11,400 per ton, citing persistent risks that will sustain copper prices [1] Group 2 - Citic Securities believes that as long as the Federal Reserve remains in a rate-cutting cycle, there will be upward momentum for non-ferrous metal prices [2] - Dongfang Securities points out that during the Fed's rate-cutting cycle, even small supply-demand gaps in physical assets can lead to significant price elasticity, indicating a potential super cycle for industrial metals like copper and aluminum [2] - The non-ferrous ETF fund closely tracks the industry index, which reflects the overall performance of listed companies in the non-ferrous metals sector [2] Group 3 - As of November 28, 2025, the top ten weighted stocks in the non-ferrous metals industry index account for 52.34% of the index, with companies like Zijin Mining and China Molybdenum leading the list [2]