Group 1 - Mining and non-ferrous concept stocks declined in early trading, with Northern Rare Earth falling over 3%, and Zijin Mining and Shandong Gold dropping over 2% [1] - Mining and non-ferrous related ETFs fell approximately 2% [1] Group 2 - Specific ETF performance includes: - Main Mining ETF (561330) at 1.201, down 0.032 (-2.60%) - Main Mining ETF (159690) at 1.237, down 0.030 (-2.37%) - Main Non-ferrous 50 ETF (159652) at 1.067, down 0.023 (-2.11%) - Main Non-ferrous Metals ETF (516650) at 1.205, down 0.025 (-2.03%) - Main Non-ferrous ETF (159880) at 1.252, down 0.023 (-1.80%) - Main Non-ferrous Metals ETF (159871) at 1.263, down 0.024 (-1.86%) - Main Non-ferrous Leaders ETF (159876) at 1.292, down 0.024 (-1.82%) [2] - A brokerage firm indicated that in 2025, the non-ferrous metal sector will still face high market volatility risks due to uncertainties from demand and supply disturbances. However, emerging demand in the downstream structure of copper and aluminum has shifted from quantitative to qualitative changes, which is expected to support a long-term upward adjustment in non-ferrous metal prices [2]