有色“超级周期”气势如虹，再刷历史新高！

Group 1 - The core viewpoint is that the non-ferrous metal sector is experiencing a strong rally, driven by multiple factors including global capital expenditure cycles, manufacturing recovery, enhanced monetary attributes, and improved domestic macro expectations [1] - The non-ferrous ETF Huabao (159876) has seen significant inflows, with a real-time net subscription of 57 million units and a total net inflow of 473 million yuan over the past 10 days [1] - Analysts suggest that the current non-ferrous metal supercycle is influenced by the "AI leap" and "century change," with historical parallels to significant macro narratives [1] Group 2 - The non-ferrous ETF Huabao (159876) and its linked fund (017140) cover a wide range of metals including copper, aluminum, gold, rare earths, and lithium, providing risk diversification compared to investing in single metal sectors [2] - As of January 15, the latest scale of the non-ferrous ETF Huabao (159876) reached 1.453 billion yuan, marking a historical high and ranking first among three ETFs tracking the non-ferrous metal index in the market [2]