AI竟返祖用铜缆！中国企业焊死上游，有色疯涨藏玄机

Group 1 - The recent surge in the non-ferrous metals sector is driven by AI and new energy, with Chinese companies holding an advantage in upstream resources [1][9] - The demand for copper, aluminum, and tin is increasing due to their essential role in AI and new energy technologies, leading to a speculative buying frenzy [3][5] - Nvidia's shift to using copper cables for AI systems highlights the practical needs of the industry, as traditional optical fiber solutions are becoming less viable [5][7] Group 2 - Chinese companies like Zijin Mining and Luxshare Precision are aggressively acquiring mining resources, positioning themselves as key players in the supply chain [9][10] - The mining process is lengthy and challenging, with successful resource extraction rates being low, making it difficult to quickly ramp up production [12][14] - The current market dynamics indicate that the prices of non-ferrous metals are likely to continue rising due to supply constraints and increasing demand from AI and new energy sectors [14]