Jingu Finance | Most of the non-ferrous metal sector rose, as of press time, Cdayenonfer (00661) rose 6%, Cmoc Group Limited (03993) rose 5.03%, Chinahongqiao (01378) rose 4.78%, Aluminum Corporation of China (02600) rose 3.82%, Ganfeng Lithium (01772) rose 3.5%.
On the news front, Debon Securities pointed out that in 2024, the global monetary environment will transition from tight to loose, and the domestic economy will gradually recover. The non-ferrous metal sector may usher in excess returns, with elasticity ranking as precious metals > copper > small metal > aluminum > rare earth. At the same time, it is bullish on the field of new materials for non-ferrous metals.
It includes the following three parts: 1) Precious metals. The market expects a rate cut, and the decrease in real interest rates highlights the value of gold allocation, while silver has greater elasticity in the future. 2) Industrial metals. Policy-driven expectations for the economy's continued improvement are expected to drive up prices of industrial metals related to the domestic economy, with the strength ranking as follows: copper > small metals > aluminum > rare earths. 3) New materials. Bullish on seven areas including artificial intelligence materials, upstream magnetic materials for humanoid robots, foldable screen components for consumer electronics, titanium alloy materials, smart automobile parts, satellite/superconductive materials.
