Cathay Pacific Haitong released a research report saying that the long-term logic of precious metals is solid, and the time has come for a long-term layout. The resource game strengthens the strategic value of copper and affects the short-term copper price rhythm, but it is not expected to change the strong logic in the medium term. Looking at the medium- to long-term outlook, the bank continues to be optimistic about the investment value of rare earths as a key strategic resource. Supply tightening is compounded by global order restructuring, and the tungsten sector's boom is expected to continue to recover. In a situation where there is a tight balance between supply and demand, the supply-demand balance sheet is important, but it is necessary to pay more attention to the core influence of the macro on metal price trends. Monetary policy, macroeconomic expectations, geographical games, and supply disturbances will be the winners and losers.

Cathay Pacific Haitong released a research report saying that the long-term logic of precious metals is solid, and the time has come for a long-term layout. The resource game strengthens the strategic value of copper and affects the short-term copper price rhythm, but it is not expected to change the strong logic in the medium term. Looking at the medium- to long-term outlook, the bank continues to be optimistic about the investment value of rare earths as a key strategic resource. Supply tightening is compounded by global order restructuring, and the tungsten sector's boom is expected to continue to recover. In a situation where there is a tight balance between supply and demand, the supply-demand balance sheet is important, but it is necessary to pay more attention to the core influence of the macro on metal price trends. Monetary policy, macroeconomic expectations, geographical games, and supply disturbances will be the winners and losers.