CITIC SEC's Research Reports indicate that the development of the metal market in 2025 will unfold along the following mainlines: 1) The liquidity mainline is expected to weaken in 2025, but safe haven and earnings certainty will continue to support the allocation value of the Precious Metals Sector; 2) The fundamental mainline, with copper and aluminum supply constraints strengthening, aluminum having stronger domestic demand attributes and profit improvement advantages, lithium, nickel, and rare earths are expected to experience a more certain rebound in the second half of 2025, while emerging fields such as AI and Siasun Robot&Automation are expected to remain active; 3) The policy mainline focuses on the optimization of the domestic copper and aluminum processing industry under trade conflicts, the value reassessment of strategic metals, as well as the "quasi-dividend" market brought by mergers and acquisitions and Market Cap management.