A-share "colorful dance" market continues, sector allocation value remains unchanged.

On September 9th, the A-share market experienced a volatile adjustment, with the non-ferrous metal sector rising against the trend. As of the closing that day, the cumulative increase of the non-ferrous metal sector this year has expanded to 52.84%, surpassing the communications sector to become the strongest performing sector among Shenwan's first-level industry sectors. According to recent institutional research, since August, many companies such as Zhongjin Resources, Ganfeng Lithium, and GEM Co., Ltd. have each received visits from over a hundred institutional research institutions, indicating that both the secondary market and professional institutional investors have favored the non-ferrous metal sector. Industry insiders believe that the expectation of a Fed rate cut in September and the rebound of domestic economic momentum in August are expected to drive up the prices of gold and domestic industrial metals. Lithium carbonate is expected to see destocking, giving short-term momentum to lithium prices. In the future, it is bullish on leading companies in the gold sector and the copper and aluminum industries, undervalued assets in the lithium industry with a second growth curve, and targets with potential for increasing lithium resource self-sufficiency and cost reduction.