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[Caixin Futures: Pre-holiday Strategy for Nonferrous Metals and New Energy Sectors] (1) Gold: The Federal Reserve cut interest rates by 50 basis points as expected. The dot plot confirms three rate cuts this year, but the path for the next two years remains largely unchanged, implying only one more cut next year. Powell characterized this as a "precautionary rate cut," indicating a policy bottom has been reached and a potential technical rebound in long-term interest rates by year-end. The US dollar and interest rates plummeted immediately after the decision was announced, sending gold prices surging, but this price quickly retreated after the press conference. The 3,700 level for gold has fully priced in a 75 basis point rate cut this year. Lacking support from a steeper curve, 3,700 represents strong resistance in the short term. We recommend reducing long leverage and adopting a bearish bias. (2) Alumina: The market corrected due to the Fed's rate cut and news of mine production resumption in Guinea. Fundamentals remain oversupplied, with weekly production capacity rebounding, inventories and warehouse receipts continuing to increase, and the import window opening, resulting in overall weakness. With narrowing profit margins, lower cost support may gradually emerge. Short-term short positions can be booked gradually, while monitoring potential policy impacts. (3) Shanghai Aluminum: The 25 basis point interest rate cut at the meeting was implemented, but it did not exceed expectations. Shanghai Aluminum retreated along with nonferrous metals. Market expectations for the "Golden September and Silver October" peak season remain high, and the continued increase in LME Asian warehouse withdrawals has raised supply concerns. The Federal Reserve is in a rate-cutting cycle, and the overall outlook for aluminum prices remains strong. A long-only strategy is to buy on dips, with attention to the turning point of destocking. (4) Cast Aluminum Alloy: The rate cut news did not exceed expectations, and prices retreated along with nonferrous metals. However, a tight scrap aluminum market has led to a rush to stock up, driving up prices. Demand is driven by the traditional peak season, but quality remains to be verified. Supported by macroeconomic and fundamental factors, the market is expected to remain strong. A long-only strategy is to buy on dips, focusing on the pace of raw material supply and demand recovery. (5) Lithium Carbonate: The market is suppressed by expectations of production resumption in Ningde, but downstream peak season and pre-holiday stockpiling provide some support. A slight increase in production and a decrease in inventory suggest limited short-term momentum. The results of the self-inspection of Yichun mining companies have not yet been released, and supply-side uncertainty remains. Strategically, we recommend a cautious wait-and-see approach and be wary of news-related disturbance risks.