规模最大的商品期货ETF——有色ETF大成(159980.SZ)规模连续攀升，现已突破60亿元，铜铝春季攻势备受重点关注

Group 1 - The core viewpoint of the articles highlights the strong performance of the non-ferrous ETF Da Cheng (159980), which has seen significant inflows and a rise in scale, driven by geopolitical factors and supply uncertainties in copper and aluminum markets [1][2] - As of January 9, the scale of the non-ferrous ETF Da Cheng (159980) surpassed 6 billion yuan, reaching 6.229 billion yuan, with a total share of 3.027 billion, both hitting record highs since its inception [1] - The recent geopolitical tensions and supply disruptions are increasing uncertainty in the supply of key resources like copper and aluminum, leading to a new narrative of cost support and "supply risk premium" [1] Group 2 - According to Tianfeng Securities, the expectation of a Federal Reserve interest rate cut could support a recovery in the U.S. economy and lead to a replenishment phase, which, along with the growth of the AI ecosystem, is expected to strengthen industrial metal prices [2] - For copper, global supply growth is projected at only 2.1% by 2026, while demand could grow by 3%, potentially leading to a supply gap of approximately 630,000 metric tons [2] - In the aluminum sector, domestic production capacity is nearing its ceiling, and global supply growth is expected to be below 2%, with a projected shortfall of about 410,000 metric tons, indicating strong price elasticity and profitability potential [2] Group 3 - The current volatility in industrial metals is primarily driven by trading risks, but the core logic of "supply rigidity + energy transition demand" remains unchanged, suggesting that the non-ferrous ETF Da Cheng (159980.SZ) could be a viable investment option for capturing overall sector opportunities [3] - The underlying assets of the non-ferrous ETF Da Cheng (159980.SZ) include futures of copper, aluminum, lead, tin, zinc, and nickel traded on the Shanghai Futures Exchange [3]