黄金再创新高，钴系中间品报价集体上涨

Industry Investment Rating - The industry investment rating is maintained at "Outperform the Market" [1] Core Viewpoints - The report highlights that gold has reached a new historical high, driven by inflation pressures and expectations of interest rate cuts, suggesting a positive outlook for precious metals [3] - Copper prices may rise if a soft landing is achieved due to interest rate cuts, despite recent fluctuations [4] - The cobalt market is experiencing a collective price increase for cobalt intermediates, indicating strong demand and a positive outlook for the sector [5] - Lithium prices are expected to improve as supply concerns ease and demand from energy storage continues to grow [6] Summary by Sections Industry Overview - The closing index for the industry is at 6548.93, with a weekly high of 6635.29 and a low of 3700.9 [1] Price Movements - Basic metals saw LME copper down by 1.48%, aluminum down by 0.72%, zinc down by 0.28%, lead down by 0.53%, and tin down by 1.41%. In contrast, COMEX gold rose by 1.12% [20][21] Inventory Changes - Global visible inventory changes include an increase of 22,871 tons in copper, 6,382 tons in aluminum, and 4,906 tons in nickel, while lead saw a decrease of 12,163 tons [28] Investment Recommendations - The report suggests focusing on companies such as Tianqi Lithium, Ganfeng Lithium, Huayou Cobalt, and others for potential investment opportunities [9]