In the upcoming year of 2025, we anticipate that the global economy will face a series of complex and volatile challenges. With the conclusion of the US presidential election, the uncertainty surrounding global trade policies is expected to further increase, presenting new issues for international trade cooperation. In the realm of geopolitics, ongoing conflicts and tensions show no significant signs of easing, posing threats not only to global security but also significantly impacting resource allocation and industrial layout. Against this macro backdrop, industrial relocation and supply chain restructuring have become critical topics that we must closely monitor. At the industrial level, the trend of protectionism in mineral resources is on the rise, directly affecting the stability of global copper concentrate TCs. With the rapid expansion of global smelting capacity, the profit margins of copper smelters are further compressed, and the challenges faced by the industry are becoming increasingly severe. In the field of secondary copper raw materials, the advancement of Environmental, Social, and Governance (ESG) standards and the "Dual Carbon" goals have significantly increased market attention on secondary copper. However, the "Reverse Invoice" policy implemented in 2024 and the "Fair Competition Regulations" have had a profound impact on the secondary copper industry. Looking ahead to 2025, the changes in the landscape of the secondary copper industry will have a critical impact on the entire copper industry chain. Additionally, with the cancellation of tax subsidies and other incentive measures, the space for copper cathode trade is expected to further narrow. We predict that the procurement ratio of copper processed materials between traders and smelters will show a more pronounced differentiation. In this context, the "CCIE 2025 SMM (20th) Copper Industry Conference and Copper Industry Expo," meticulously prepared by SMM, will be grandly held in Nanchang, Jiangxi, from April 22-25, 2025. China National Heavy Machinery Research Institute Co., Ltd. will make a splendid appearance at this conference. We will synchronize with the times, aim at our goals, strive diligently, and move forward with courage and determination! Click the registration form to sign up immediately, and we look forward to meeting you at the conference. China National Heavy Machinery Research Institute Co., Ltd., as a national-level innovative high-tech enterprise focusing on comprehensive equipment technology R&D, design, and engineering general contracting for industries such as steel metallurgy and heavy machinery, is committed to serving major national strategies, meeting significant national demands, overcoming "bottleneck technologies" and "short-board equipment," and promoting the "intelligent, high-end, and green" development of China's heavy equipment. We provide solutions mainly based on the technology R&D and engineering general contracting of "smelting, rolling, forging/extrusion, and environmental protection equipment." Our mechanical, electrical, hydraulic, and basic component professional support is comprehensive, and we also offer professional technical services such as engineering consulting, engineering supervision, design consulting, and equipment detection. Sub-introduction 1: Cold Rolling Tube Equipment Since the successful development of China's first cold rolling tube machine in the early 1960s, China National Heavy Machinery Research Institute has continuously explored the field of cold rolling tube technology for various ferrous and non-ferrous materials, becoming the birthplace and R&D center of cold rolling tube machine technology in China. We have provided over a hundred sets of high-performance equipment to leading domestic non-ferrous production enterprises, covering specifications from φ3mm to 730mm, leading the development direction of cold rolling tube machines in China. Sub-introduction 2: Copper Strip Rolling Equipment China National Heavy Machinery Research Institute is the earliest unit in China to develop and provide complete sets of metal strip rolling production process technology and equipment, and has been a complete supplier of copper strip rolling equipment for over 40 years. Our high-end precision copper plate and strip cold rolling mills achieve full coverage of specifications from 400mm to 1250mm and full coverage of models including four-roll rough, medium, and finish rolling, and six-roll medium and finish rolling. The core process technology indicators such as plate thickness, plate shape, surface quality, and production efficiency have reached world-class levels. Sub-introduction 3: Extrusion Equipment China National Heavy Machinery Research Institute is the earliest unit in China to conduct research on metal extrusion technology and equipment, relying on the National Key Laboratory of Metal Forming Technology and Heavy Equipment and the National Innovation Capability Platform for Metal Extrusion/Forging Equipment and Processes. In the field of metal material extrusion technology, we have won nearly 20 provincial and ministerial-level science and technology awards and have delivered nearly 30 sets of copper and copper alloy extrusion units ranging from 5MN to 40MN, covering various models such as forward, reverse, single-action, and double-action, earning widespread recognition. Contact Information Jin Cao 13664831118 SMM Conference Contact Junfeng Lin 18326223112 linjunfeng@smm.cn

SMM April 25 News: Jiangxi's significant position in the national copper industry is self-evident! In response to the demands of numerous enterprises in the copper industry chain, to strengthen the smooth communication of supply and demand between upstream and downstream of the industry chain, from April 24 to April 26, SMM Information & Technology Co., Ltd. (SMM), hosted by SMM, SMM Metal Trading Center, and Shandong Aisi Information Technology Co., Ltd., with Jiangxi Copper Corporation and Yingtan Land Port Holding Co., Ltd. as the main sponsors, Shandong Humon Smelting Co., Ltd. as the special co-sponsor, and Xinhuang Group and Zhongtiaoshan Nonferrous Metals Group Co., Ltd. as co-sponsors, successfully concluded the speech session of CCIE-2025SMM (20th) Copper Conference and Copper Industry Expo . Subsequently, SMM meticulously organized the CCIE - Copper Synergy Copper Field Trip (Jiangxi Chapter) ! Deputy General Manager of SMM Marketing Department Yao Ma, Deputy General Manager of SMM Copper Business Department Jinyong Bao, Deputy General Manager of SMM Copper Business Department Chongshan Li, Deputy General Manager of SMM Copper Business Department Jie Ren, Senior Manager of SMM Copper Business Department Yuanyuan Han, Senior Manager of SMM Copper Business Department Jiazhi Lin, Senior Manager of SMM Copper Business Department Mingkang Liu, Senior Manager of SMM Copper Business Department Junfeng Lin, Overseas Information Sales of SMM Copper and Lead-Zinc Group Xin Chen, Senior Big Data Copper Analyst of SMM Chenxu Guo, and Senior Big Data Copper Analyst of SMM Yutong Huang, along with a delegation composed of industry clients from around the world including Xinhuang Group, Drakewood Capital Management, Noda Metal Industry Co., Ltd., Shanghai Eagle Metal Materials Co., Ltd., Tongde Trading (Shanghai) Co., Ltd., Jingtai Products Co., Ltd., Zhongzhe Energy Chemical Co., Ltd., Anhui Pingtian Lake Investment Holding Group Co., Ltd., US Win-Win Metal Industry Co., Ltd., BALATON TRADING LLC, Xuhao Energy (Shandong) Co., Ltd., Henan Energy Chemical Group Supply Chain Co., Ltd., and Tianjin Jinding Energy Technology Co., Ltd., visited 10 representative copper enterprises in Jiangxi for a field trip! On April 24, CCIE - Copper Synergy Copper Field Trip (Jiangxi Chapter) members arrived at the second stop of the field trip: Jiangxi Jinpin Copper Technology Co., Ltd. . The delegation was warmly received by the leaders of Jiangxi Jinpin Copper Technology Co., Ltd. . After inspecting the company's main business, development history, capacity, and production processes, the delegation engaged in friendly and positive discussions with Jiangxi Jinpin Copper Technology Co., Ltd. After the visit, SMM and the delegation members took a group photo with the leaders of Jiangxi Jinpin Copper Technology Co., Ltd.! Everyone gained a lot! Thanks to Jiangxi Jinpin Copper Technology Co., Ltd. for its strong support for CCIE - Copper Synergy Copper Field Trip (Jiangxi Chapter) ! Introduction to Jiangxi Jinpin Copper Technology Co., Ltd. Jiangxi Jinpin Copper Technology Co., Ltd. (referred to as Jinpin Copper) was established in March 2013, located at Wenchang Avenue, Weiliu Road, Fuzhou High-tech Industrial Park, Jiangxi Province. The company has a total investment of 2.5 billion yuan, covering an area of 324.8 acres, with a total construction area of 160,000 m². The current equipment capacity is 300,000 mt of copper processing materials, and the main products include various grades and specifications of high-precision copper plates, copper strips, copper busbars, copper billets, copper rods, copper wires, special enamelled wires, and copper crafts. (H90 Brass Strip) (T2 Purple Copper Extra-Long Medium-Thickness Plates) (Extra-Large Size Copper Flat Casting Ingots) (Extra-Large Size Copper Round Casting Ingots) (High-Precision Wide Transformer Strips) (High-Precision Wide Purple Copper Strips) (High-Precision Purple Copper Plates) (Copper Cooling Wall Plates) Jinpin Copper has its own provincial-level enterprise technology center and engineering technology research center. Since its establishment, it has obtained more than 180 patents. 20 products have been recognized as provincial-level new products in Jiangxi Province, 10 new products have won the Jiangxi Provincial Excellent New Product Award, and 8 products have won the Jiangxi Provincial Famous Brand Product title. Jinpin Copper is also a Jiangxi Provincial Energy Conservation and Emission Reduction Technology Demonstration Enterprise, a Jiangxi Provincial Intelligent Manufacturing Pilot Demonstration Enterprise, a Jiangxi Provincial Manufacturing Leading Enterprise, a Jiangxi Provincial Management Innovation Demonstration Enterprise, a Jiangxi Provincial Leading Enterprise, a Jiangxi Provincial Green Factory, a Jiangxi Provincial Technology Leading Enterprise, a National Intellectual Property Advantage Enterprise, and a National High-Tech Enterprise. The company has been ranked among the top 100 private manufacturing enterprises in Jiangxi, the top 100 private enterprises in Jiangxi, and the top 100 enterprises in Jiangxi for seven consecutive years. As of now, the company has cumulatively paid more than 3 billion yuan in taxes. In May 2021, the company was awarded the "Jiangxi Provincial May 1st Labor Certificate" by the Jiangxi Provincial Trade Union, and in April 2022, the company's finished product warehouse team was awarded the "Workers' Pioneer" title by the All-China Federation of Trade Unions. Since 2021, the company's main business income has exceeded 10 billion yuan for four consecutive years, making it the first 10 billion yuan enterprise in Fuzhou City. The company has also gained high recognition in the non-ferrous metal processing industry. It is one of the top 10 copper plate and strip enterprises in the country (as evaluated by the China Nonferrous Metals Processing Industry Association) and one of the top 10 high-quality suppliers of copper plate and strip processing enterprises in the country (as evaluated by SMM). The company is a member unit of the National Nonferrous Metals Standardization Technical Committee and has participated in the drafting and formulation of multiple national and industry standards. The company will actively practice new development concepts, rely on technological innovation, follow the business philosophy of high-quality development, be diligent and pragmatic, proactive, pioneering and innovative, firmly take every step, strive to optimize, strengthen, and expand the enterprise, and make due contributions to the high-quality development of the non-ferrous metal industry.

In the upcoming 2025, we foresee that the global economy will face a series of complex and variable challenges. With the US election settled, the uncertainty of global trade policies will further increase, presenting new issues for international trade cooperation. In the geopolitical domain, ongoing conflicts and tensions show no significant signs of easing, posing not only a threat to global security but also having a significant impact on resource allocation and industrial layout. Against this macro backdrop, industrial relocation and supply chain restructuring have become key topics that we must closely monitor. At the industry level, the protectionist trend in mineral resources is on the rise, directly affecting the stability of global copper concentrate TCs. As global primary smelting capacity rapidly expands, the profit margins of copper smelters are further squeezed, with the industry facing increasingly severe challenges. In the field of secondary copper raw materials, the advancement of environmental, social, and governance (ESG) standards and the "dual carbon" goals have significantly increased market attention on secondary copper. However, the "reverse invoicing" policy and the Fair Competition Regulations implemented in 2024 have had a profound impact on the secondary copper industry. Looking ahead to 2025, changes in the landscape of the secondary copper industry will have a critical influence on the entire copper industry chain. Additionally, with the cancellation of tax subsidies and other incentives, the space for copper cathode trade will further narrow. We expect that there will be a more pronounced differentiation in the procurement ratio of copper semis between traders and smelters. Against this backdrop, SMM has meticulously prepared the “ CCIE 2025SMM (20th) Copper Industry Conference and Expo ” which will be grandly held in Nanchang, Jiangxi from April 22-25, 2025. Jiangxi Xinyue New Material Group Co., Ltd. will attend this conference in full regalia. We will keep pace with the times, aim at our goals, and forge ahead with courage and determination! Click on the registration form to sign up immediately. We look forward to meeting you at the conference. Booth No.: C50 Jiangxi Xinyue New Material Group Co., Ltd. mainly produces a wide range of copper products, including copper anodes, copper cathodes, copper and copper alloy casting ingots, copper and copper alloy plate/sheet and strip, and copper and copper alloy tube and rod materials. These products are widely used in AI, 5G communications, new energy, lead frames, aerospace, and other industries. The company's projects in Guixi City include: a 400,000 mt copper casting billet project by Jiangxi Xiangrong New Materials Co., Ltd.; a 300,000 mt annual aluminum alloy ingot and rod project by Jiangxi Junsheng Metal Technology Co., Ltd.; a 400,000 mt annual copper anode project by Jiangxi Yijun Copper Materials; a 400,000 mt annual copper cathode project by Jiangxi Yixin Copper Materials; a 150,000 mt high-precision copper plate and strip deep processing project by Jiangxi Yisheng; and a 50,000 mt annual medium-thickness plates project by Jiangxi Yihui High-Tech Co., Ltd. Xinyue Group has built a complete copper industry ecosystem through diversified industrial layouts. Its core subsidiaries, such as Xiangrong New Materials, Junsheng Metal Technology, and Yisheng Copper Deep Processing, have formed a differentiated and coordinated development pattern. Thanks to technological breakthroughs and lean manufacturing, Xiangrong New Materials and Junsheng Metal have been consecutively selected as one of the "Top 100 Private Enterprises in Jiangxi Province" and "Top 100 Manufacturing Private Enterprises in Jiangxi Province," and have been recognized as national high-tech enterprises, provincial "specialized, refined, unique, and innovative" enterprises, and leading provincial manufacturing enterprises, becoming benchmark companies in their respective niche markets. Contact Information Hong Ming: 15058189727 Yuan Kun: 13519522009 SMM Conference Contact Li Chongshan 17349754665 lichongshan@smm.cn

According to the SMS Group, on March 15, 2025, Jiangxi Copper Corporation High Precision Copper Plate and Strip Co., Ltd. successfully produced the first coil of copper strip through its newly commissioned cold roughing mill, marking a significant milestone in the project's progress. The equipment was provided by the SMS Group, and this successful commissioning not only represents a further strategic expansion of Jiangxi Copper Corporation's business but also enriches its product portfolio to better meet the growing global demand for high-quality copper strips. The innovative heavy-duty roughing mill, the newly built 4-high cold roughing mill, employs advanced technology specifically designed for high-precision processing of high-end copper alloy strips. Its robust mechanical structure and ample cold processing capacity enable it to produce materials with a yield strength of up to 1,250 MPa and handle incoming copper coils with a thickness of up to 20 mm. This powerful processing capability further solidifies Jiangxi Copper Corporation's position as a leader in high-end material processing within the industry. The SMS Group's supply scope included the complete mechanical and electrical systems. Despite numerous challenges encountered during installation and commissioning, the project team, leveraging their exceptional professional capabilities, completed the contractually stipulated milestones one month ahead of schedule. The successful production of the first coil of copper strip is a testament to the perfect collaboration between Jiangxi Copper Corporation and the SMS Group, laying a solid foundation for future continuous cooperation. In addition to the 4-high cold roughing mill, the SMS Group also provided Jiangxi Copper Corporation with a 4-high cold intermediate mill equipped with the X-Pact® shape control system. The installation of the 4-high roughing mill to the successful production of the first coil embodies the collective efforts of numerous individuals. We extend our gratitude to everyone for their hard work. The collaboration between the SMS Group and Jiangxi Copper Corporation is bound to yield fruitful results. With this, Jiangxi Copper Corporation has transitioned from melting and casting, hot rolling, into the era of cold rolling. —— Fanghong Huang, Chairman of Jiangxi Copper Corporation High Precision Copper Plate and Strip Co., Ltd. Achievements are hard-won, showcasing the efficiency of project execution and the excellence of team collaboration. I am deeply proud to work with such an outstanding team. —— Peter Langner, President and CEO of SMS China We chose to collaborate with the SMS Group precisely because of their technical strength, dedication, and team collaboration capabilities. We hope to deepen our cooperation to ensure the smooth commissioning of the intermediate mill and achieve further success! —— Weilin Gao, General Manager of High Precision Copper Plate and Strip Co., Ltd. About Jiangxi Copper Corporation: Founded in 1979, Jiangxi Copper Corporation has played a significant role in transforming China's copper industry. Upholding the mission of "eliminating the backwardness of China's copper industry and promoting its progress," Jiangxi Copper Corporation has grown into the nation's largest producer of copper plates and strips and a leading supplier of diversified copper products. Over the past four decades, leveraging China's economic growth and its own expertise and dedication, Jiangxi Copper Corporation has achieved remarkable success in the global copper market. For more updates on the copper industry chain, you are welcome to attend the CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo, hosted by SMM, taking place from April 22-25, 2025, in Nanchang, Jiangxi. Over 3,000 industry elites, representatives from upstream and downstream enterprises of the copper industry chain, government officials, industry associations, third-party equipment, logistics and warehousing, and academic experts will gather together. The conference will cover mining, smelting, copper processing, trade, recycling, and end-use applications, encompassing the entire copper industry chain. At the expo, more than 100 exhibitors will showcase the latest copper processing and smelting equipment, high-quality raw material suppliers, and new-type copper-based materials, highlighting the innovation and vitality of the copper industry. The conference features a variety of exciting activities: the main forum will focus on global copper market trends, raw material supply, policy impact analysis, and market direction interpretation. Sub-forums will delve into specific areas such as electrical power transmission and distribution, secondary copper, copper-based new materials, hardware and plumbing, and ESS, exploring industry hot topics. During the conference, there will also be a two-day field trip to visit 12 representative enterprises in the copper industry, cumulatively producing 1 million mt of copper products, to share cutting-edge technologies and valuable experiences, aiding the upgrade of the copper industry chain and promoting high-quality industry development. The CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo will help you grasp the industry pulse, expand your network, and seek business opportunities! SMM cordially invites you to join us in Nanchang, Jiangxi, from April 22-25, 2025, to gather in the new era of copper and jointly plan for new developments!

Customs data from January to February this year have been released. In terms of copper plate and strip, exports in January were 107.8637 million tons, a year-on-year increase of 37.1%.

At the 2023 Third SMM Electrical Industry Forum , SMM Copper Senior Analyst Liu Lu conducted an in-depth analysis of the supply and demand situation in the copper plate, strip and copper bus market from 2023 to 2024, and released relevant product price points on the spot.