The non-ferrous metals sector started moving again today, with continuous fluctuations followed by a sharp rally, with a significant increase. There are indeed some underlying factors worth noting.

Let's first talk about the most direct stimulus. Gold and silver experienced quite a few fluctuations yesterday—silver even plunged during trading. However, by nighttime, it reversed, and today it has fully rebounded. This rebound directly boosted the overall sector sentiment. Another detail is that the rebalancing of the Bloomberg index weightings has begun to release selling pressure, but based on the effect, the impact isn't significant, and the market has absorbed it quite well.

The deeper logic lies on the supply side. Major mining countries worldwide are frequently changing policies, adding considerable uncertainty to the supply chain. Traditional consumer demand remains the foundation, but the real growth drivers come from new fields—new energy batteries, AI chip industry chains, photovoltaic installations, and energy storage systems—all of which have strong demand for non-ferrous metals.

Additionally, today the overall market sentiment is particularly active, with various funds looking for opportunities. Under this atmosphere, the non-ferrous metals sector naturally rises with the trend. In the short term, this momentum may continue, but future developments will still need to monitor changes in supply and macro policies.