Citic Securities reported on May 13 that the current valuation of the metal sector remains at a reasonable level. According to Jin10, the valuations for aluminum, copper, nickel, cobalt, tin, antimony, and gold are relatively low, with potential for valuation recovery. Although industry dividends have slightly declined, some individual stocks are projected to have a dividend yield of over 5%. Looking ahead to 2026, with liquidity shocks easing, frequent supply disruptions, and sustained high prosperity in certain downstream sectors, it is recommended to continue focusing on investment opportunities in lithium, copper, rare earths, strategic metals, aluminum, and gold.