HUAYOU COBALT(SH:603799) Xin Lang Cai Jing·2026-01-15 06:35Group 1 - The market's concerns regarding mineral tariffs have eased, and the situation in Venezuela continues to develop, leading to increased attention on global supply issues in the non-ferrous metals sector [1] - Guojin Securities indicates that China may begin its replenishment process earlier, suggesting that copper prices will not decline with the US's pause in replenishment but will instead rise again with China's replenishment [1] - As of January 15, 2026, the Guozheng Non-Ferrous Metals Industry Index (399395) rose by 0.67%, with significant increases in component stocks such as Huayou Cobalt (up 6.14%) and Ganfeng Lithium (up 4.13%) [1] Group 2 - The Guozheng Non-Ferrous Metals Industry Index tracks 50 prominent securities in the non-ferrous metals sector, reflecting the overall performance of listed companies in this industry on the Shanghai and Shenzhen stock exchanges [1] - As of December 31, 2025, the top ten weighted stocks in the Guozheng Non-Ferrous Metals Industry Index account for 51.65% of the index, including Zijin Mining and China Aluminum [1]