Group 1 - The core viewpoint indicates that non-ferrous metal stocks are experiencing a decline, with significant drops in Chinese rare earths and other related companies [1] - The market impact shows that related ETFs in the non-ferrous and mining sectors have fallen over 2% [1] - Specific declines include over 5% drop in Chinese rare earths, and more than 4% drop in companies like Northern Rare Earth and Luoyang Molybdenum [1] Group 2 - Various non-ferrous metal ETFs have reported declines, with the Industrial Non-Ferrous ETF down 2.68% and the Non-Ferrous Metal ETF down 2.61% [2] - A broker has indicated that the non-ferrous metal sector will continue to face high market volatility risks in 2025 due to uncertainties from both demand and supply sides [2] - Emerging demand in the downstream structure of copper and aluminum is expected to support a long-term upward shift in non-ferrous metal prices [2]

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]