To be honest, the underlying logic of this round of non-ferrous metals rally is already out in the open—it’s not hard to understand.

Look, both the Federal Reserve and the Bank of Japan have started cutting interest rates and injecting liquidity, right? As soon as the US dollar weakens, capital needs a safe haven. Everyone has seen how badly the crypto market has been doing lately—it’s been a complete collapse. At times like this, the value-preserving attributes of gold and silver become even more apparent. When risk aversion kicks in, how can precious metals not rise?

Now, let’s talk about the demand side. High-tech industries like new energy vehicles and artificial intelligence are expanding like crazy. The demand for industrial metals such as copper, aluminum, lithium, and cobalt is absolutely exploding. Supply can't keep up so quickly—how can prices not go up?

And there’s another even more crucial point—geopolitical tensions are escalating. The competition among countries for energy and non-ferrous metal resources has reached a fever pitch. Topics like strategic reserves and supply chain security are being discussed every single day. In this kind of environment, it’s hard for resource-based assets not to appreciate.

So stop agonizing over whether or not to buy. The logic for a long-term bull market is solid enough. What you should be considering now is when to enter and how to allocate your assets. Holding leading non-ferrous metal enterprises for the long term is very likely the right move.

For example, Zijin Mining and China Molybdenum are comprehensive mining companies; Shengda Resources and Baiyin Nonferrous focus on precious metals; Aluminum Corporation of China and Yunnan Aluminum are the two aluminum giants; Jiangxi Copper, Tongling Nonferrous, and Western Mining cover copper resources; Yinxin Co. is in minor metals; Northern Rare Earth and China Rare Earth monopolize rare earths; Huayou Cobalt, Xiamen Tungsten New Energy, Tianqi Lithium, and Ganfeng Lithium are core targets in new energy metals.

This rally is definitely worth paying attention to.