Market Overview - The market experienced fluctuations on February 27, with the Shanghai Composite Index rising by 0.39% to 4162.88, while the Shenzhen Component Index fell by 0.06% to 14495.09, and the ChiNext Index decreased by 1.04% to 3310.30 [2][3] - A total of 3271 stocks rose, with 91 hitting the daily limit up, while 2068 stocks declined [3] Sector Performance - The non-ferrous metals sector showed strong performance, with companies like Zhangyuan Tungsten and Xianglu Tungsten hitting the daily limit up. Tungsten raw material prices have surged, with tungsten powder exceeding 1800 yuan/kg, a 470% increase compared to early 2025 when it was around 316 yuan/kg [3][4] - The rare earth permanent magnet sector also saw gains, with companies like Zhong Rare Metals hitting the daily limit up. Prices for praseodymium and neodymium rose by 40,000 yuan/ton to 1,080,000 yuan/ton, and praseodymium neodymium oxide prices increased by 5,000 yuan/ton to 882,500 yuan/ton [4][5] Investment Insights - CITIC Securities reports that the upward momentum for non-ferrous metal prices and stock performance remains strong, supported by supply disruptions, localized high demand, and inventory accumulation. The report highlights the potential for price elasticity in metals due to increased trading activity and heightened risk aversion stemming from geopolitical conflicts [5][6] - The report also notes that since early 2026, global conflicts have heightened risk aversion, leading to significant price increases in precious metals and other non-ferrous metals, including copper, rare earths, tungsten, and natural uranium [6]