有色60ETF（159881）涨超2.5%，流动性提振与需求增长或支撑价格重估

Core Viewpoint - The non-ferrous metals industry is expected to experience a revaluation of global pricing for non-ferrous metal commodities until 2026, driven by a transition towards "metal-intensive" energy and significant changes in the global landscape [1] Industry Summary - The demand for electrolytic aluminum is anticipated to grow due to its applications in machinery, communication, and transportation, while supply constraints from domestic limitations and slower-than-expected overseas project completions may support rising aluminum prices [1] - Copper prices are projected to rise to $14,000 per ton, supported by demand from power grids, data centers, and energy storage, along with policy guidance from the National Development and Reform Commission aimed at reducing competition in copper smelting [1] - The supply of alumina is expected to tighten due to domestic supply controls and Guinea, a major bauxite-producing region, nearing a loss threshold, which enhances expectations for supply contraction [1] - The steel industry is undergoing a new round of supply-side reforms, although the urgency is not strong, leading to expectations of short-term price fluctuations in steel [1] Company Summary - The Non-Ferrous 60 ETF (159881) tracks the CSI Non-Ferrous Index (930708), which selects listed companies involved in the mining, smelting, and processing of non-ferrous metals from the Shanghai and Shenzhen markets, covering sectors such as copper, gold, aluminum, rare earths, and lithium [1]