Core Viewpoint - The non-ferrous metals sector is expected to benefit from multiple favorable factors due to the dual backdrop of a reshaping global economic landscape and domestic policy drivers [1] Group 1: Macroeconomic Factors - There is an increasing expectation of global liquidity easing [1] - Geopolitical risks are rising, leading to heightened demand for safe-haven assets [1] - Domestic economic stabilization is observed, with a recovery in manufacturing sector prosperity [1] - National strategies are reinforcing resource security guarantees [1] Group 2: Industry Supply and Demand - The overall supply and demand for various non-ferrous metals is in a tight balance, which is likely to continue trending upwards [1] - Factors such as global monetary easing, escalating geopolitical risks, supply-side tensions, and steady demand growth are expected to jointly drive the non-ferrous metals sector [1] Group 3: Investment Opportunities - By 2026, the non-ferrous metals sector may present strong trend-based investment opportunities [1] - Ordinary investors can consider utilizing the non-ferrous metals ETF (159871) under Yinhua Fund to diversify investments and capture overall industry opportunities [1]