有色矿业板块大涨，矿业ETF（561330）盘中涨超3%，工业金属价格中枢有望抬升

Group 1 - The core viewpoint of the article highlights a significant rise in the non-ferrous mining sector, with the mining ETF (561330) increasing by over 3% during the trading session, indicating a potential upward shift in industrial metal prices [1] - According to Shenwan Hongyuan Securities, short-term disruptions in copper production and tight non-US inventories are expected to support copper prices, with solid fundamentals backing this trend. Long-term growth in grid investment and AI data centers, combined with relatively inelastic copper supply, suggests a sustained increase in price levels [1] - For aluminum, the outlook indicates a tightening supply-demand balance due to domestic production capacity constraints, leading to a long-term upward trend in electrolytic aluminum prices [1] Group 2 - The mining ETF (561330) tracks the non-ferrous mining index (931892), which selects securities from companies involved in the development of copper, aluminum, lead, zinc, and rare metals, reflecting the overall performance of the non-ferrous metal mining industry [1] - Based on Wind data, the mining ETF (561330) is projected to have a year-to-date increase of 106.11% in 2025, ranking first among ten ETFs in the non-ferrous sector, indicating a concentrated leadership with a higher proportion of gold, copper, and rare earths [2]