Xin Lang Cai Jing·2026-01-11 11:48Core Viewpoint - The report from CITIC Securities indicates a strong performance in the non-ferrous metals sector, particularly copper and aluminum, driven by strategic resource pricing and unexpected monetary easing in the U.S. [1] Group 1: Market Analysis - CITIC Securities believes that the non-ferrous market reflects the transition between the old and new global order, suggesting that copper will take over from gold and silver in terms of market performance [1] - The report asserts that the copper market is not at its end, with a price target of $13,000 not being the peak for this cycle, and anticipates favorable odds for copper prices by 2026 [1] Group 2: Price Dynamics - Following historical highs, copper prices are currently undergoing a technical correction phase, influenced by profit-taking and weak market realities in the short term [1] - Despite these short-term pressures, structural demand is expected to provide strong support for copper prices moving forward [1]