Core Viewpoint - The non-ferrous metals industry is expected to continue its excess returns due to favorable conditions and increased trading activity, with strong profit forecasts and a leading index for stock prices [1] Industry Summary - The prices of industrial metals such as copper and aluminum are influenced by global economic cycles and their own supply-demand dynamics, typically leading to a positive correlation with industry indices [1] - The profit forecast sentiment index for the non-ferrous metals industry is relatively strong, indicating a potential leading effect on stock prices [1] - Institutional funds are generally underweight in cyclical sectors, but public funds, foreign capital, and margin trading have slightly overweighted the non-ferrous metals industry, reflecting high market attention [1] - The expectation for the non-ferrous metals industry is likely to improve further with the advancement of supply-side "de-involution" and policies aimed at expanding domestic demand within the framework of building a unified national market [1] ETF and Index Information - The mining ETF (561330) tracks the non-ferrous mining index (931892), which selects listed companies involved in precious metals, base metals, and rare metals for its sample, reflecting the overall performance of the non-ferrous metals industry [1] - This index is characterized by strong cyclicality and significant influence from the global economic environment, effectively capturing market dynamics in the non-ferrous metals extraction and smelting industry [1]