Q3业绩延续高增，看好板块高景气度延续。1）锂板块 Q3季度归母净利润预计环比增长16%-37%，新能源产业高景气逻辑继续得以兑现。

针对黄金，美联储提高了加息利率终值目标，叠加美国短期经济韧性强，美元指数走强，22Q3 金价压力仍存，黄金矿企业绩或承压。针对基本金属，经济下行压力叠加货币政策持续收紧，22Q3 铜铝价格及冶炼费等环比均下滑，铜铝板块业绩或承压。

国庆长假影响下，钢材需求显著下降，库存显著累库。短期正值传统旺季，节后需求仍有望重新回升；但后期需求向上的弹性及节奏仍有赖于地产端的改善情况。

基本面上，短期锂供需继续紧张，锂价维持高位走势，且精矿端更为确定。

Manufacture of metal frameworks or skeletons for construction and parts thereof (towers, masts, trusses, bridges etc.) Manufacture of industrial frameworks in metal (frameworks for blast furnaces, lifting and handling equipment etc.) Manufacture of prefabricated buildings mainly of metal: Site huts, modular exhibition elements etc. Manufacture of metal doors, windows and their frames, shutters and gates Metal room partitions for floor attachment

Production of basic precious metals: Production and refining of unwrought or wrought precious metals: gold, silver, platinum etc. from ore and scrap Production of precious metal alloys Production of precious metal semi-products Production of silver rolled onto base metals Production of gold rolled onto base metals or silver Production of platinum and platinum group metals rolled onto gold, silver or base metals Production of aluminium from alumina Production of aluminium from electrolytic refining of aluminium waste and scrap Production of aluminium alloys Semi-manufacturing of aluminium

This class includes: Manufacture of machine tools for working metals and other materials (wood, bone, stone, hard rubber, hard plastics, cold glass etc.), including those using a laser beam, ultrasonic waves, plasma arc, magnetic pulse etc. Manufacture of machine tools for turning, drilling, milling, shaping, planing, boring, grinding etc. Manufacture of stamping or pressing machine tools Manufacture of punch presses, hydraulic presses, hydraulic brakes, drop hammers, forging machines etc. Manufacture of draw-benches, thread rollers or machines for working wires Manufacture of stationary machines for nailing, stapling, glueing or otherwise assembling wood, cork, bone, hard rubber or plastics