Core Insights - The China Nonferrous Metals Industry Association emphasizes the need to focus on resource security, high-end development, intelligent transformation, and green development to prevent "involution" and ensure supply chain safety [1] Economic Data - In the first three quarters, China's GDP grew by 5.2% year-on-year, and the industrial added value of enterprises above designated size increased by 6.2%, with notable performance in equipment manufacturing and high-tech manufacturing, supporting the demand for industrial metals [1] Industry Index - The Nonferrous 60 ETF (159881) tracks the CSI Nonferrous Index (930708), which selects listed companies involved in nonferrous metal mining, smelting, and processing from the Shanghai and Shenzhen markets, covering sectors such as copper, gold, aluminum, rare earths, and lithium to reflect the overall performance of related listed companies in the nonferrous metal industry [1]