SMM Analysis: According to data from the General Administration of Customs, China imported 64,900 mt of copper anode (HS code: 74020000) in January 2026, up 5.74% MoM and up 1.48% YoY...

[Copper Ingot Scrap Customs Data] According to data from the General Administration of Customs, China imported 46,800 mt of copper ingot scrap (red/purple copper ingots) (HS code: 74031900) in January 2026, up 24% MoM and up 58% YoY; China imported 50,600 mt of copper ingot scrap (red/purple copper ingots) in February, up 8% MoM and up 46% YoY; cumulative imports of copper ingot scrap (red/purple copper ingots) in January-February 2026 reached 97,300 mt, up 51% YoY on a cumulative basis.

At the Phase II construction site of Yukun Materials Technology Co., Ltd.'s recycled copper ingot project, it can be seen that the main structure of the plant has been completed. The entire project is expected to be fully finished in the second quarter. With a total investment of 1.08 billion yuan for Phase II, the annual production capacity of recycled copper ingots is projected to reach 100,000 tons once it reaches full operation.

SMM Analysis: In 2025, China's smelting and refining capacity grew, while the TC for copper concentrates continued to deteriorate. Against this backdrop, smelters were compelled to adjust their raw material mix, with copper scrap, blister copper, and anode plates becoming key substitutes and supplements...

On June 13, 2025, information from the China National Intellectual Property Administration indicated that Heshan Jinyi Copper Industry Co., Ltd. had applied for a patent titled "Copper Ingot Produced from Scrap Copper and Its Preparation Method," with the publication number CN120138359A and an application date of March 2025. This patented technology may help reduce surface pores in copper ingots and improve their quality.

On June 13, 2025, information from the China National Intellectual Property Administration indicated that Heshan Jinyi Copper Industry Co., Ltd. had applied for a patent titled "Copper Ingot Produced from Scrap Copper and Its Preparation Method," with the publication number CN120138359A and an application date of March 2025. This patented technology may help reduce surface pores in copper ingots and improve their quality.