Lates News

CITIC Securities pointed out that the profits of the metal industry in the first quarter of 2024 and 2025 are stable overall, with gold, nickel-cobalt, tin, antimony, rare earth magnetic materials, and copper sectors leading the industry in battery metals facing pressure at the bottom. Currently, the valuation of the metal industry remains at a relatively low level, and the valuation of aluminum, copper, nickel-cobalt, tin, and antimony is at a relatively low level worth expecting industry valuation recovery. In addition, the industry dividend return continues to trend upward, with the dividend yield of some individual stocks reaching more than 5% and shareholders' return capabilities continuing to improve. Looking forward to the second half of 2025, CITIC Securities believes that in the context of trade disputes, with the gradual implementation of liquidity and fiscal policies, attention should be focused on opportunities for the allocation of gold, rare earths, copper, aluminum, tin, and tungsten sectors.