China Galaxy Securities Research News said that the non-ferrous metals industry as a whole remained strong in the first half of 2022. Although the growth rate of 2022Q2 industry performance declined from the previous month, the absolute growth rate of industry net profit was still in a high growth range of more than 50%. And the current downward valuation of the industry to the lowest since 2010 has also reflected the trend of slowing profit growth of the non-ferrous metals industry, and the risk has been greatly released. The sharp increase in interest rates by the Federal Reserve in the second half of the year and the structural boom in the domestic economy will magnify the price fluctuations of non-ferrous metals, and the trend of profit growth may further slow down, which makes the market of the non-ferrous metals industry more likely to be carried out in a structural way. the fine molecular industry with a high boom will have the opportunity to repair or even raise the valuation. Recommended in the second half of the year in the demand-driven lithium industry, lithium prices re-enter the rising channel, lithium mining companies are expected to continue to release substantially.