According to a research report by CITIC Securities, in the first half of 2025, the profit growth rate of the metal sector will further increase, and the sector will maintain a strong performance. Among the sub-sectors, rare earths and tungsten, nickel, cobalt, tin, antimony and copper performed well. Dividends and fund holdings in the metal sector are also on the rise. The continued rise of the sector has driven the valuation level to the highest level since 2022, but there is still room to go from the high point in 2021. The sub-sectors of aluminum, lithium, nickel, cobalt, tin and antimony have outstanding low valuation advantages. Looking ahead, it is optimistic that gold prices will set new highs after the Federal Reserve starts cutting interest rates, and copper prices are expected to continue to rise due to strong fundamentals. Supply disturbances catalyze bottom opportunities for battery metals. The strategic value of rare earths and tungsten remains outstanding, and the earnings and valuations of the aluminum sector are expected to resonate upward. In addition, it is recommended to pay attention to material targets related to solid-state batteries and AI servers.