机构看好26年电解铝行情，有色ETF基金(159880)涨近2%，盘中净申购700万份

Group 1 - The core viewpoint of the news highlights a strong performance in the non-ferrous metals sector, with the National Non-Ferrous Metals Industry Index rising by 2.23% and key stocks such as Yun Aluminum Co., Ltd. increasing by 6.78% [1] - The article mentions that the National Development and Reform Commission encourages large-scale mergers and restructuring in the alumina and copper smelting industries to enhance scale and group levels [1] - The supply-demand dynamics indicate that domestic production capacity is reaching its peak, with a utilization rate of 98%, while overseas new capacity is expected to be added primarily in Indonesia, India, the Middle East, and Africa [1] Group 2 - The penetration rate of new energy commercial vehicles is expected to drive demand for lightweight aluminum, while the energy structure transition will maintain high growth in grid and energy storage demand [2] - The copper-aluminum ratio is at a 10-year historical high, accelerating the substitution of aluminum for copper, with overall global demand growth projected at 2-3% [2] - The top ten weighted stocks in the National Non-Ferrous Metals Industry Index account for 52.34% of the index, indicating a concentrated market performance [2]