CMS·2025-06-15 12:00Investment Rating - The report maintains a recommendation for the gold and rare earth sectors, emphasizing their investment value amidst geopolitical risks and expectations of interest rate cuts in the U.S. [1] Core Insights - The report highlights that U.S. inflation data fell below expectations, leading to increased market anticipation for a rate cut by the Federal Reserve in September. The ongoing tariff negotiations and weak economic data are expected to keep market risk appetite subdued. [1] - The report suggests focusing on sectors related to self-sufficiency and time-sensitive technologies, including robotics and controllable nuclear fusion materials. [1] Industry Overview - The metal industry is experiencing a significant performance, with the non-ferrous metal index showing a weekly increase of 3.79%, ranking first among sectors. Precious metals, industrial metals, energy metals, and minor metals also showed positive growth rates. [6] - The report notes that the largest weekly gain was seen in tungsten prices, which increased by 2.76% due to supply constraints and rising demand from sectors like photovoltaics and military applications. [6] - Conversely, zinc prices fell by 1.91% due to increased supply from mine restarts and weak demand from downstream industries. [6] Specific Metal Insights - Copper inventory decreased by 0.4 thousand tons to 144.8 thousand tons as of June 12, indicating a strong short-term fundamental outlook for copper prices. [6] - Aluminum prices are expected to rise due to significant inventory reductions and market sentiment shifting towards bullishness. [6] - The report anticipates a continued high price level for tin, supported by supply constraints and demand from the semiconductor industry. [7] Rare Earth and Precious Metals - The report indicates a potential increase in rare earth prices, with exports expected to rebound in June after a decrease in May. [7] - Gold prices rose by 3.8% to $3,433 per ounce, driven by geopolitical tensions and weak U.S. economic data, with an 81% probability of a rate cut in September. [7] New Materials and Technologies - The report emphasizes the ongoing development of controllable nuclear fusion and suggests monitoring companies involved in this sector, as well as those in the robotics and permanent magnet industries. [7]