According to a research report by Huatai Securities, the intensification of domestic anti-involution policies, coupled with the influence of overseas fiscal and monetary easing measures, has propelled the metals sector to remarkable heights. Polysilicon prices have steadily recovered, bolstering market sentiment and elevating the prices of lithium carbonate and alumina. Costs of key metals, including lithium, cobalt, and rare earths, have reached their nadir, with prices recently being pushed upwards by multiple independent factors. These include stricter scrutiny of lithium mining rights, the export ban on cobalt from the Democratic Republic of the Congo, and the heightened strategic importance and anticipated scarcity of rare earths. Amidst the upward trajectory of basic metals, aluminum stands out for its dividend yields, while copper garners attention for its growth potential. Additionally, the processing sector merits close observation. The trading dynamics within the steel industry may shift, moving away from furnace material concessions towards a combination of supply contraction and declining furnace material prices, collectively driving industry prosperity.