11月13日，A股三大指数集体上涨，沪指创10年新高。板块上，能源金属飙涨超7%，永兴材料、融捷 股份、盛新锂能等多只概念股涨停，天齐锂业、华友钴业、赣锋锂业等跟涨。 消息面上，日前，中国有色金属工业协会会长葛红林在第二十五届再生金属国际论坛及展览交易会上表 示，我国再生有色金属产业持续快速发展，产量从"十三五"末的1450万吨，增长到2024年底的1915万 吨，年均增速达7.2%，预计2025年底将首次突破2000万吨，成为破解行业资源瓶颈、环境瓶颈的重要 途径。 东方证券表示，在全球货币宽松周期、资源战略地位提升及新旧产业转型共振下，有色金属进入供需紧 平衡驱动的新周期，走势相对独立，关注黄金，以及锂、稀、钨土等小金属和铜铝。 （文章来源：21世纪经济报道） ...

今日（11月13日）有色金属板块获主力资金净流入超146亿元，板块吸金额高居31个申万一级行业第 二，热门ETF方面，揽尽有色金属行业龙头的有色龙头ETF（159876）早盘冲高，场内涨幅盘中上探 4.12%，现涨4.01%，站稳全部均线！ 成份股方面，雅化集团、国城矿业、永兴材料、盛新锂能4股涨停！兴业银锡、中矿资源、华锡有色等 个股大幅跟涨！权重股方面，紫金矿业涨超4%，洛阳钼业涨逾5%，北方稀土涨超3%。 消息面上，美国众议院即将结束历史性的政府停摆，此举可能会重启经济数据发布，并增强美联储12月 降息的预期。 展望后市，东方证券表示，在全球货币宽松周期、资源战略地位提升及新旧产业转型共振下，有色金属 进入供需紧平衡驱动的新周期，走势相对独立，关注黄金、锂/稀/钨土等小金属和铜铝。 【未来产业"金属心脏"，现代工业"黄金血液"】 美联储降息周期，如何推升有色金属价格？业内人士指出，可以从三方面理解：①美联储降息，货币贬 值，投资者倾向持有更保值的实物资产；②国际市场有色金属以美元计价，美联储降息带动美元贬值， 美元计价的金属相对更便宜，进一步增加全球买盘；③降息代表利率下降，企业借钱成本降低，利于企 业 ...

Group 1 - The core viewpoint is that the non-ferrous metals sector is entering a new cycle driven by supply-demand balance, influenced by global monetary easing, strategic resource positioning, and the transformation of old and new industries, with a focus on gold, lithium/rare earths, and copper [1] - Gold is highlighted for its safe-haven properties and strategic resource status, performing well in a loose monetary environment [1] - The overall non-ferrous metals industry is showing structural opportunities in the new cycle, with an improved supply-demand pattern supporting price resilience [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 to reflect the overall performance of the non-ferrous metal mining industry [1] - The mining ETF (561330) has outperformed the CSI Non-Ferrous Index by nearly 10% this year, indicating a more concentrated leadership with a higher proportion of gold, copper, and rare earths [1]

Core Viewpoint - The non-ferrous metals sector is entering a new cycle driven by a tight supply-demand balance, supported by global monetary easing, enhanced resource strategic positioning, and the resonance of old and new industrial transformations [1] Group 1: Industry Overview - The non-ferrous metals industry is characterized by a relatively independent performance due to structural supply-demand contradictions and the overlapping demands of old and new industries [1] - Industrial metals, particularly copper, are gaining attention due to improved supply-demand dynamics [1] - In the small metals sector, strategic resources like lithium and rare earths are experiencing sustained demand growth in the context of the energy transition [1] - Gold maintains its allocation value as a safe-haven asset amid geopolitical uncertainties [1] Group 2: ETF and Index Information - The Non-Ferrous 60 ETF (159881) tracks the CSI Non-Ferrous Index (930708), which selects 60 listed companies involved in the entire non-ferrous metal industry chain from the Shanghai and Shenzhen markets [1] - The index has a high weight distribution in sub-sectors such as gold, rare earths, and lithium, while also maintaining good industry diversification [1] - The index comprehensively reflects the overall performance of listed companies in China's non-ferrous metals industry [1]