Sou Hu Cai Jing·2025-12-19 07:04Group 1 - The core viewpoint is that the non-ferrous metal sector is experiencing a strong performance, driven by favorable macroeconomic indicators and domestic policy support [1] - The China Securities Industrial Non-Ferrous Metals Theme Index rose by 2.53%, with leading stocks including Yun Aluminum Co., Jin Chengxin, Tianshan Aluminum, and Tin Industry Co. [1] - The U.S. CPI data showed unexpected easing, increasing the likelihood of a Federal Reserve rate cut in January from 26.6% to 28.8%, with traders anticipating a 62 basis point cut next year [1] Group 2 - Huachuang Securities noted that global aluminum inventory is slightly declining, maintaining a total of 1.2 to 1.25 million tons, which supports aluminum prices [2] - The average profit in the electrolytic aluminum industry is approximately 5,500 yuan per ton, with potential for cost reduction due to falling alumina prices [2] - China Galaxy Securities predicts a new upward cycle for the non-ferrous metal industry starting in 2025, driven by macroeconomic recovery and liquidity easing [2] Group 3 - The Tianhong China Securities Industrial Non-Ferrous Metals Theme Index closely tracks the performance of 30 major listed companies involved in copper, aluminum, lead, zinc, and rare earth metals [2]