Sou Hu Cai Jing·2025-12-31 02:02Group 1 - The non-ferrous metal sector showed strength on December 31, with Jiangxi Copper rising over 4%, and other companies like Huayou Cobalt, Hunan Silver, Yunnan Zinc, and Zijin Mining also experiencing gains. The non-ferrous mining ETF (159690) increased by 1.5%, with net inflows exceeding 25 million yuan over the past five trading days [1] - Zijin Mining announced its earnings forecast for 2025, expecting a net profit attributable to shareholders of 51 billion to 52 billion yuan, marking the best annual performance since its listing, with a year-on-year growth of approximately 59% to 62%. The non-recurring net profit is projected to be between 47.5 billion and 48.5 billion yuan, reflecting a year-on-year increase of about 50% to 53% [3] - The non-ferrous mining ETF (159690) tracks an index where Zijin Mining holds a weight of 10.03% [4] Group 2 - The non-ferrous mining ETF (159690) closely tracks the non-ferrous mining index, investing in companies with upstream mineral resources, including Northern Rare Earth, Zijin Mining, Luoyang Molybdenum, Huayou Cobalt, and China Aluminum. The index has seen a year-to-date increase of 103.55%, while the non-ferrous metal industry index rose by 102.5%, indicating stronger performance compared to similar indices [6] - According to a report, the global supply of new mines is expected to significantly decline by 2026, leading to a structural bottleneck in supply. This situation, combined with unexpected production cuts from core mines and rising resource nationalism in major resource regions, will enhance the bargaining power and profit distribution position of the mining sector [6]