有色金属行业周报：仍需关注国内节后复工情况，铜铝价格震荡为主

Investment Rating - The report maintains a "Recommended" investment rating for the gold, copper, aluminum, tin, and antimony industries [13]. Core Insights - The report emphasizes the need to monitor domestic post-holiday resumption of work, with copper and aluminum prices expected to fluctuate [1]. - The overall performance of the non-ferrous metals sector shows a 1.4% increase over the past month, a 0.2% decrease over three months, and a 15.1% increase over the past year [3]. - The report highlights that the domestic copper and aluminum downstream sectors are still in the post-holiday resumption phase, with price trends expected to remain stable [7][9]. Summary by Sections Market Performance - The non-ferrous metals sector experienced a weekly increase of 1.53%, placing it in the middle of all first-level industries [22]. - Nickel, magnetic materials, and tungsten were the top-performing sub-sectors, while molybdenum, gold, and silver saw declines [22]. Copper Market - LME copper closed at $9,531 per ton, down 1.34% from February 14, while SHFE copper closed at ¥77,020 per ton, down 1.10% [8]. - Total copper inventory across LME, COMEX, and SHFE reached 624,782 tons, reflecting a weekly increase of 40,179 tons [40]. - Domestic refined copper rod operating rates increased to 74.25%, up 12.16 percentage points [9]. Aluminum Market - Domestic electrolytic aluminum prices rose to ¥20,830 per ton, a 1.07% increase from February 14 [10]. - LME aluminum inventory decreased to 539,900 tons, while domestic SHFE inventory increased to 232,903 tons [10]. - The operating rate for leading aluminum profile enterprises remained stable at 69.5% [10]. Tin Market - Domestic refined tin prices increased to ¥264,070 per ton, a 0.79% rise from February 14 [11]. - The report anticipates a strong price trend for tin due to tight raw material supply [11]. Antimony Market - Domestic antimony ingot prices rose to ¥146,000 per ton, reflecting a strong bullish sentiment in the market [12]. - The report notes a significant tightness in raw material supply, contributing to rising prices [12]. Recommended Stocks - The report lists several recommended stocks, including Zhongjin Gold, Shandong Gold, Zijin Mining, and others, highlighting their growth potential and market positioning [14][16].