Group 1: Copper Market Dynamics - On October 29, LME three-month copper futures reached a record high of $11,183.50 per ton, driven by increasing concerns over copper supply shortages [1][4] - Glencore has revised its 2025 copper production guidance down to between 850,000 and 875,000 tons, exacerbating market worries about supply [4] - Analysts indicate that the market is significantly tighter than at the beginning of the year, with supply issues supporting copper prices [6] Group 2: Other Metals Performance - LME three-month aluminum closed at $2,887.00, down $2.00 or 0.07%, after reaching a peak of $2,917.00, the highest since May 2022 [6] - Three-month zinc futures rose by $24.50 or 0.8%, closing at $3,082.50 per ton, with current LME zinc inventory at 35,200 tons, close to the lowest level since March 2023 [7]

Group 1: Aluminum Market Insights - LME three-month aluminum prices reached a three-year high due to concerns over potential supply shortages following an incident at an Icelandic smelter [1] - Century Aluminum announced a temporary halt in production at its Grundartangi smelter, reducing output by approximately two-thirds, although one production line remains operational [4] - The International Aluminum Institute reported a 0.9% year-on-year increase in global primary aluminum production in September, totaling 6.08 million tons [4] Group 2: Other Base Metals Performance - LME three-month copper prices increased by $39.5, or 0.37%, closing at $10,663 per ton, driven by speculative buying [2][4] - LME three-month zinc prices rose by $41, or 1.37%, closing at $3,029 per ton, with spot zinc prices reaching a record high premium of $320 per ton over three-month zinc due to an 85% reduction in LME inventories this year [5][6]

Core Insights - This week, 106 stocks reached historical highs, excluding newly listed stocks from the past year, indicating a strong market performance [1] - Year-to-date, 918 stocks have achieved historical highs, a significant increase from 82 stocks during the same period last year [1] Industry Performance - The non-ferrous metals sector has shown remarkable performance, with leading stocks frequently hitting historical highs [1][3] - Notable stocks in this sector include Zijin Mining, which reached a closing price of 30.87 CNY per share and a market capitalization of 820.45 billion CNY [1] Stock Highlights - The stocks that reached historical highs this week are concentrated in the electronics, non-ferrous metals, and machinery equipment sectors, with 32, 14, and 13 stocks respectively [1] - The top stocks by trading volume among the 106 that hit historical highs include ZTE Corporation, SMIC, CATL, Zijin Mining, and Sanhua Intelligent Control, with trading volumes of 47.64 billion CNY, 45.32 billion CNY, 37.67 billion CNY, 30.55 billion CNY, and 26.18 billion CNY respectively [1] Market Catalysts - Key factors driving the surge in non-ferrous metals include increased expectations for Federal Reserve interest rate cuts, supply concerns from Chile's copper production decline, and rising international gold prices [3] - Among the stocks that reached historical highs, 20 have a total market capitalization exceeding 100 billion CNY, with leading companies being CATL, SMIC, Zijin Mining, and others [3] Stock Price Movements - The top gainers this week include Lingge Technology, Haheng Huaton, and Hezhuan Intelligent, with increases of 29.82%, 29.62%, and 21.02% respectively [4] - As of October 10, 27 stocks have prices exceeding 100 CNY, with the highest closing prices belonging to Northern Huachuang, CATL, and others [4]

Core Insights - This week, 106 stocks reached historical highs, excluding newly listed stocks from the past year, indicating a strong market performance [1] - Year-to-date, 918 stocks have achieved historical highs, a significant increase from 82 stocks during the same period last year [1] - The non-ferrous metals sector has shown remarkable performance, with leading stocks frequently hitting historical highs [2] Stock Performance - Notable stocks that reached historical highs this week include Zijin Mining, Xinyi Silver, Luoyang Molybdenum, and Cangge Mining, with Zijin Mining hitting a high of 30.87 CNY per share and a market capitalization of 820.45 billion CNY [1][2] - The top sectors with stocks reaching historical highs include electronics, non-ferrous metals, and machinery, with 32, 14, and 13 stocks respectively [1] - The stocks with the highest trading volumes this week were ZTE Corporation, SMIC, CATL, Zijin Mining, and Sanhua Intelligent Control, with trading volumes of 47.635 billion CNY, 45.323 billion CNY, 37.673 billion CNY, 30.554 billion CNY, and 26.181 billion CNY respectively [1] Market Catalysts - Key factors driving the rise in non-ferrous metal stocks include increased expectations for Federal Reserve interest rate cuts, supply concerns due to decreased copper production in Chile, and recent natural disasters affecting mining operations in Indonesia and Australia [2] - The international gold price has also reached historical highs, boosting related sectors and contributing to the overall rise in the non-ferrous metals sector [2] Market Capitalization - Among the stocks that reached historical highs, 20 have a total market capitalization exceeding 100 billion CNY, with leading companies including CATL, SMIC, Zijin Mining, Luoyang Molybdenum, and Northern Huachuang, with market caps of 1,742.782 billion CNY, 1,023.609 billion CNY, 820.450 billion CNY, 357.713 billion CNY, and 317.078 billion CNY respectively [2] Price Movements - The stocks with the highest weekly gains included Lingge Technology, Hahai Huatong, Hezhuan Intelligent, Canxin Technology, and Yangyuan Beverage, with increases of 29.82%, 29.62%, 21.02%, 17.98%, and 16.80% respectively [2]

Group 1 - LME copper prices reached $11,000 per ton, the highest in 16 months, driven by supply disruptions from several mines, raising concerns about shortages [1] - On October 9, LME three-month copper rose by $198.5, or 1.86%, closing at $10,867.5 per ton, with an intraday peak of $11,000, nearing the historical high of $11,104.50 set in May 2024 [1][2] - Aluminum prices also surged to a three-year high, with three-month aluminum increasing by $45, or 1.63%, closing at $2,798.5 per ton [1][2] Group 2 - Following a week-long public holiday, Chinese investors returned to the market, contributing to increased buying activity alongside Western speculative funds [4] - The total copper inventory in the LME warehouse system was reported at 139,475 tons, the lowest level since late July [5] - The strength in copper prices has positively impacted the broader base metals market, with zinc prices also rising [5]