有色金属行业周报：牛市里，新材料能跑赢大盘吗？

Investment Rating - The industry rating for non-ferrous metals is "Positive" [2] Core Insights - In the recent bull markets, the new materials index has outperformed the CSI 300 in both duration and magnitude of gains [8][9] - The new materials index showed a significant increase of 348% compared to the CSI 300 during the 2013-2015 bull market and 105% during the 2019-2021 bull market [9][11] - Recent strategic collaborations, such as the agreement between Hainan Province and CATL, aim to enhance electric transportation and infrastructure development [34] Summary by Sections Recent Views - The new materials index has shown longer and stronger upward momentum compared to the CSI 300 during the bull market [8] Overall Market Review - For the week of September 23-30, 2024, the Shenyuan Metal New Materials Index closed at 5612.99, with a week-on-week increase of 12.02% but a year-on-year decrease of 4.04% [12][14] - The Wind Lithium Mining Index increased by 9.50% week-on-week, while the Wind Lithium Battery Positive Electrode Index rose by 15.64% [16][18] Key Company Weekly Performance Review - The top ten performing companies for the week included Hanrui Cobalt (29.52%), Tianqi Lithium (25.84%), and Debang Technology (24.15%) [28][30] Recent Industry Hotspots - CATL's collaboration with Hainan Province focuses on green energy development and electric transportation [34] - Concerns about potential oversupply in the HBM market by 2025 are being discussed, with manufacturers facing challenges in ramping up production [35] Related Data Tracking - In August, the sales of new energy vehicles reached 1.1 million units, marking a year-on-year increase of 30.0% [37]