Mei Ri Jing Ji Xin Wen·2026-02-27 02:50Group 1 - The core viewpoint of the articles highlights the rising trend in the non-ferrous metals sector, particularly driven by the performance of the Tianhong Non-Ferrous Metals ETF, which has seen significant inflows and a record fund size [1][2] - The Tianhong Non-Ferrous Metals ETF (159157) has achieved a net inflow of 1.184 billion yuan over the last ten trading days, reaching a total fund size of 2.352 billion yuan, marking a new high since its inception [1] - The ETF closely tracks the CSI Industrial Non-Ferrous Metals Theme Index, with the top three sectors—copper (34.43%), aluminum (21.82%), and rare earths (13.60%)—accounting for nearly 70% of its holdings, indicating its market scarcity and investment value [1] Group 2 - The current PE-TTM for the industrial non-ferrous index stands at 28.26 times, which is at the 45.46% historical percentile, suggesting that the current price is lower than 54.54% of the historical time, indicating a reasonable valuation [2] - Geopolitical tensions in the Middle East have heightened concerns over the security of key resource supply chains, enhancing the strategic premium on industrial metals [2] - Domestic policies aimed at reducing competition and promoting stable growth are providing support for the demand fundamentals of non-ferrous metals [2]