Capacity side, the domestic alkaline electrolyzer market maintained at 43.77 GW, and the PEM electrolyzer market remained at 2.7 GW, with no new capacity added. No offline public delivery information was available this week. Electrolyzer project updates: Yulin Institute of Clean Energy Innovation, Chinese Academy of Sciences : The institute issued a tender for the procurement of megawatt-scale alkaline electrolyzers and hydrogen-oxygen separation and purification modules. The procurement includes megawatt-scale alkaline electrolyzers and hydrogen-oxygen separation and purification equipment, with a budget of 3.18 million yuan. The equipment will be used for a hydrogen production project from coal chemical wastewater coupled with freshwater production. It is understood that Dalian Chemical Engineering Design Institute Co., Ltd. previously won the bid for the project design. Inner Mongolia Green Hydrogen Steel Union Technology Co., Ltd.: The company announced the winning bidder for the civil engineering part of Sections 1 and 2 of the construction project for the full green steel production line integrating green electricity-green hydrogen shaft furnace reduction-electric furnace short process. It is understood that both sections were won by China Railway Construction Bridge Engineering Bureau Group Fourth Engineering Co., Ltd. (including consortium partner: Tianjin Tianhengda Environmental Protection Engineering Co., Ltd.). Shanghai Reshaping Energy Group Co., Ltd. : Reshaping Energy and China MCC5 Group Corp., Ltd. recently formally partnered by signing a cooperation agreement, establishing a comprehensive partnership. Additionally, both parties jointly signed a cooperation memorandum for the Ningxia Sun Mountain Integrated Wind-Solar-Hydrogen-Methanol Project. Moving forward, the two parties will collaborate to promote the construction of hydrogen production projects using wind and solar renewable energy, and coordinate with relevant parties to advance the construction of green methanol synthesis projects, aiming to create a benchmark "green electricity-green hydrogen-green methanol" industry chain project in north-west China. SPIC : The list of prospective winning bidders for the 99th centralized tender in 2025 (Jilin Power Share Lishu Wind-Solar Green Hydrogen Production and Biomass Coupled Green Methanol Project PEM Water Electrolysis Hydrogen Production Equipment) was announced. The first prospective winning bidder: Changchun Green Dynamic Hydrogen Energy Technology Co., Ltd., with a bid price of 30.88 million yuan; the second prospective winning bidder: Shaanxi Xingran Technology Co., Ltd., with a bid price of 36.4265 million yuan. It is understood that the Jilin Power Share Lishu Wind-Solar Green Hydrogen Production and Biomass Coupled Green Methanol Project is located in Siping City, Jilin Province, and plans to construct one set of 2000 Nm³/h PEM water electrolysis hydrogen production system, with a PEM hydrogen production scale of 2000 Nm³/h. The project is scheduled to start construction in August 2025, with a total planned duration of 22 months. The tender scope includes the PEM water electrolysis hydrogen production system and auxiliary systems, including but not limited to 4 PEM hydrogen production electrolyzers each with a measured hydrogen production rate of 500 Nm³/h under rated conditions, one set of 2000 Nm³/h hydrogen purification skid, and 4 sets of IGBT rectifiers. Windey Energy Technology Group Co., Ltd.: The tender for the biomass gasification process package and technical services for the first phase of the Handan Biomass Green Methanol Project was released. The project's main entity is Windey Energy Technology Group Co., Ltd. It is understood that the project primarily adopts the biomass pressurized bubbling fluidized bed gasification process. The scope of the process package extends from the atmospheric raw material receiving hopper of the gasification framework to the outlet of the syngas scrubber, includes the ash and slag discharge unit, and involves the discharge of wastewater after ammonia stripping treatment. Goldwind Green Chemical (Xing'an League) Co., Ltd.: The acceptance of the environmental impact assessment documents for the Goldwind Xing'an League Green Hydrogen to Green Methanol (Phase II) Project was announced. It is understood that the project has a total investment of 1.2 billion yuan, with a planned construction period from December 2025 to December 2027. The construction scale and content include primarily building main production facilities such as biomass gasification and methanol synthesis and distillation, along with supporting public and auxiliary utilities, aiming for an annual production of 600,000 mt of green methanol. Zhongneng Yida (Hebei) New Energy Co., Ltd.: The EPC general contracting tender announcement (second call) for the new 400,000 mt/year sustainable aviation fuel hydrogenation project. It is understood that the project covers an area of approximately 230 mu. The construction project includes a 400,000 mt/year sustainable aviation fuel hydrogenation unit, supporting hydrogen production facilities with a capacity of 30,000 Nm³/h, a sulfur recovery combined unit, and main supporting utilities. The primary raw materials are gutter oil, acidified oil, fatty acid methyl ester, and waste animal and vegetable oils, used to produce biodiesel, bio-naphtha, bio-jet fuel, and other products, with by-products including dry gas, bio-liquefied petroleum gas, and sulfur. The annual production volumes are bio-jet fuel (315,700 mt), bio-naphtha (21,000 mt), biodiesel (maximum daily production of 340,800 mt), and other by-products: dry gas (7,900 mt), bio-liquefied petroleum gas (19,500 mt), and sulfur (72 mt). Inner Mongolia Hydroelectric Technology Co., Ltd.: Its Dalad Banner Grid-Side (Incremental Distribution Network) Standalone Energy Storage Demonstration Project has completed the modification filing. The project construction content is now modified as follows: The total project investment is 153.332 million yuan, funded from two sources: self-owned funds of 45.9996 million yuan and a bank loan of 107.3324 million yuan. Regarding construction content and scale, the total energy storage capacity is set at 2 MW/4 MWh, adopting a pure hydrogen energy storage solution. Specifically, the hydrogen energy storage system encompasses three major segments: water electrolysis for hydrogen production, energy storage, and hydrogen fuel cell power generation. It is configured with 12 sets of 1,000 Nm³ alkaline electrolyzers, 2 sets of 1 MW hydrogen fuel cell power generation systems, and a 90,000 Nm³ hydrogen storage system. Each electrolyzer unit consists of the electrolyzer body, purification framework, gas-liquid separation device, and power supply and electrical control system. Each 1MW hydrogen fuel cell power generation system uses 16 proton exchange membrane fuel cell modules, each with a rated power of 100KW, as the core energy supply units. The hydrogen storage system comprises a spherical tank hydrogen storage system with a capacity of 2,000 cubic meters and a pressure of 1.6 MPa, requiring a total of three hydrogen storage tanks. Jinfeng Green Energy Chemical (Xing'an League) Co., Ltd. : Jinfeng Xing'an League Green Hydrogen to Green Methanol (Phase III) Project has been filed. Construction Location: Xing'an League - Ulanhot City - Xing'an League Economic and Technological Development Zone. Total Investment: 2.3 billion yuan, including self-owned funds: 460 million yuan, and bank loan application: 1.84 billion yuan. Planned Construction Period: May 2026 to May 2028. Construction Scale and Content: Mainly involves building key production facilities such as biomass gasification and methanol synthesis and distillation, along with supporting public and auxiliary facilities, with an annual output of 725,000 mt of green methanol. Shanghai Electric Power Station Group: Successfully won the bid for Section 1 of the EPC project for the Lanzhou New Area 100,000 mt/year Biomass Green Methanol Project (Phase I), and will provide key technologies, core equipment, and EPC turnkey services. Previously, Shanghai Electric had successfully verified its self-developed entire industry chain technology system for "green electricity coupled with biomass gasification to produce green methanol" in the Jilin Taonan Green Methanol Integrated Demonstration Project. Policy Review 1. The Gansu Provincial Development and Reform Commission, Gansu Provincial Department of Industry and Information Technology, and Gansu Provincial Energy Bureau issued the "Gansu Provincial Zero-Carbon Park Construction Plan." The document points out that organic integration of solar, wind, geothermal, and air energy should be used for direct building energy supply; relying on technologies such as wind and solar power plus energy storage and hydrogen microgrids, heat pumps, and molten salt thermal storage, the park's multi-energy conversion and mutual utilization of "electricity, heat, cooling, steam, and hydrogen" should be enhanced. Vigorously develop green and low-carbon emerging industries. Promote breakthroughs in core technologies for wind, solar, and energy storage equipment, improve the localization rate of new energy equipment, and build a new energy equipment industry chain driven by a "high proportion of green electricity." Support the construction of projects for the wind and solar power coupled green hydrogen production and hydrogen energy storage industry chain, advance the integrated development of "green hydrogen production, storage, transportation, refueling, and utilization," and create a "wind-solar-hydrogen-methanol-ammonia" zero-carbon industry chain. Guide the coordinated development of computing power projects and clean energy layout, increase the proportion of green electricity supply for data centers, and build a "computing power + green electricity" digital economy industry chain. 2. The Jilin Provincial Energy Bureau issued the "Jilin Province Green Electricity Direct Connection Project Development and Construction Implementation Plan (Trial)" (Draft for Comments).. The document indicates that new load projects can carry out green electricity direct connection, with key support for hydrogen-based green energy (green hydrogen, green hydrogen to green ammonia, green hydrogen to green methanol, green hydrogen to sustainable aviation fuel, etc.), steel metallurgy, computing (data) centers, automotive manufacturing, and other industries. Electricity consumption projects that have not been registered with the power grid enterprise (including expansion parts of existing loads), electricity consumption projects that have been registered but whose supporting power grid projects have not yet commenced construction, and existing projects agreed upon through consultation with the power grid enterprise are all considered as new loads. In principle, new loads (including expansion parts of existing loads) and existing loads should not establish direct electrical connections. 3. The European Commission approved a €4 billion special fund for electrolyzers, providing a 30% subsidy on equipment costs for projects with an annual capacity of ≥500 MW, and set a 2030 efficiency target for green hydrogen project electrolyzers of ≥60% (LHV basis). Enterprise Dynamics Shanghai Qingluan Energy Co., Ltd. : Shanghai Qingluan Energy Co., Ltd. was established, with legal representative Li Kun and registered capital of 5 million yuan. Its main business includes the manufacturing and sales of gas and liquid separation and purification equipment. The company is 100% owned by Shanghai Qingluan Technology Co., Ltd. Xinjiang Zhiling Hydrogen Equipment Manufacturing Co., Ltd. : The launch ceremony for the delivery and experience event of hydrogen energy buses, jointly organized with Skywell New Energy Automobile Group Co., Ltd., was held at the Guangbao Guangzhou Technology Park in Huangpu District, Guangzhou. Following the successive winning of related projects in November and December last year, HTWO Guangzhou, in collaboration with Skywell Group, delivered 249 hydrogen fuel cell buses in bulk to Guangzhou Bus Group. Shaanxi Hydrogen Energy Industry Development Co., Ltd. : Signed a strategic cooperation framework agreement with the Baoji Municipal Government. The Baoji Municipal Government will take this signing as an opportunity to provide comprehensive support for project construction, fully promote project implementation and effectiveness, and ensure smooth project advancement with high-quality services. Zhongtian Hua Hydrogen Co., Ltd.: Successfully won a bid for an overseas hydrogen valley project, achieving a "zero breakthrough" in overseas business, marking substantial progress in its internationalization strategy. Hubei Intelli Electric Co., Ltd. : Successfully delivered several sets of large containerized power supply systems, all of which will be used for a shore power project. HydrogenT Energy Group: Its "Fuel Cell Engine (TK-300)" project successfully passed the certification for Shanghai High-Tech Achievement Transformation Project and received an A-grade evaluation. Weishi Energy Technology Co., Ltd.: In collaboration with Yutong Light Truck, completed a series of multi-dimensional, complex working condition vehicle-level verifications, comprehensively validating the reliability and environmental adaptability of Weishi Energy's 80 kW hydrogen fuel cell system under complex environments such as low temperature, high altitude, transient load, emergency stop, and steep slopes. The Hong Kong and China Gas Company Limited (Towngas): Signed a memorandum of cooperation with Sinopec (Hong Kong) Limited (Sinopec Hong Kong) and Sinopec Star Petroleum Co., Ltd. (Sinopec Star), establishing a strategic partnership to engage in in-depth cooperation on clean energy, including hydrogen, green methanol, and sustainable aviation fuel (SAF). Patent Applications 1. Shanghai Institute of Ceramics, Chinese Academy of Sciences (China) disclosed patent CN2025110028, developing ceramic-based anion exchange membranes with a laboratory test lifespan reaching 80,000 hours. 2. Johnson Matthey (UK) filed patent WO2025109876, disclosing a Fe-Ni-Mo ternary non-precious metal catalyst formulation with activity close to that of platinum-based materials. Technology Footprints/Technical Specifications 1. The team led by Liu Qingju at Yunnan University constructed a superwetting Pt/NF@CF graded heterojunction electrocatalyst for low-energy, high-efficiency hydrogen production. 2. Hunan Normal University and Central South University's AM team revealed the compressive strain and oxygen vacancy effects of iridium oxide in proton exchange membrane water electrolyzers. 3. The relevant research team from the School of Electrical Engineering and the State Key Laboratory of Electrical Insulation and Electrical Engineering Materials at Xi’an Jiaotong University successfully developed a Ru/Ti3C2Ox@NF bifunctional seawater electrolysis electrocatalyst. 4. The group standard "Technical Specification for Wind and Solar Power Green Electricity Coupling Electrolysis Hydrogen Production" (No. T/CIEP 0272—2025) was released and implemented by the China Industrial Environmental Protection Promotion Association. Zhongneng Dayou Energy Technology Co., Ltd. successfully developed a 100kW-class PEM electrolyzer hydrogen production multi-field coupling test equipment. 5. GKN Powder Metallurgy announced the development of a new generation of high-performance, high-porosity, high-purity porous transport layers (HP-PTL) for proton exchange membrane (PEM) electrolysis.

As the core carrier of the energy transition, the development of the hydrogen energy industry hinges on the in-depth drive of technological innovation and the broad expansion of global cooperation. Recently, the National Energy Administration released the "China Hydrogen Energy Development Report (2025)", highlighting that in 2024, China's hydrogen energy industry made significant progress in technological breakthroughs and international collaboration, entering a critical phase of sustained technological innovation, strengthened pilot demonstrations, and breakthroughs in industrial scale. I. Technological Innovation: From Breakthroughs in the Entire Value Chain to Building Industrial Competitiveness (I) Hydrogen Production Technology: From "Grey Hydrogen Dominance" to "Green Hydrogen Breakthrough" In the field of hydrogen production from renewable energy, China has formed a large-scale cluster advantage. By the end of 2024, the production capacity of hydrogen from renewable energy exceeded 120,000 mt. The commissioning of electrolytic water hydrogen production projects in Kuqa, Xinjiang, and Ningdong, Ningxia, marked the gradual industrial demonstration and verification of alkaline electrolyzer technology. Meanwhile, substantial breakthroughs were achieved in the key technologies of proton exchange membrane (PEM) electrolyzers, and pilot-scale seawater electrolysis hydrogen production units were put into trial operation, providing innovative solutions for the supply of offshore green hydrogen in coastal areas. Relevant technologies are expected to drive down the production costs of green hydrogen continuously, gradually approaching the economic inflection point for competing with grey hydrogen. (II) Storage and Transportation Technology: Building a Multi-Modal Storage and Transportation System of "Gas-Liquid-Solid" In the field of high-pressure gaseous hydrogen storage and transportation, 70 MPa Type IV hydrogen storage cylinders have achieved mass production. Hydrogen-blended natural gas pipelines have undergone demonstration operations in Inner Mongolia and Ningxia, verifying the feasibility of retrofitting existing natural gas pipelines for hydrogen blending. In liquid hydrogen storage and transportation, a 5 mt/day hydrogen liquefaction system has been successfully launched, with technical indicators approaching international advanced levels. Solid hydrogen storage and transportation technologies are advancing in parallel, with the hydrogen storage density of magnesium-based hydrogen storage materials continuously improving, and demonstration applications have been carried out in scenarios such as forklifts and drones. These breakthroughs have formed a multi-modal storage and transportation technology system of "gas-liquid-solid", which will effectively reduce hydrogen transportation costs and lay the foundation for optimizing regional hydrogen energy dispatch in the near term and cross-regional resource allocation in the long term. (III) Application Technology: Diverse Scenarios Spur Business Model Innovation In the industrial sector, hydrogen-based shaft furnace direct reduced iron (DRI) technology has achieved CO2 emission reductions of over 70% per ton of steel. The Ningdong Green Hydrogen Coupled Coal-to-Synthetic Ammonia Project in Ningxia has achieved 100% green electricity-supplied hydrogen. In the transportation sector, the driving range of fuel cell heavy-duty trucks has exceeded 1,000 kilometers, and a 2,400 kW hydrogen-powered shunting locomotive has completed a 10,000 mt loading test, marking the maturity of technology in the heavy-haul transportation sector. In the energy sector, megawatt-class pure hydrogen gas turbines have completed full-machine tests, and the efficiency of solid oxide fuel cell (SOFC) cogeneration systems continues to improve, providing efficient solutions for distributed energy and power grid peak shaving. Innovations in related applications have not only expanded the market space for hydrogen energy but also driven its transformation from an industrial raw material to a diversified energy carrier. (IV) Innovation Ecosystem: Dual-Driven by Platform Empowerment and Patent Layout At the national level, relying on platforms such as the "Hydrogen Energy Technology" key project and the Innovation Consortium for Green Hydrogen Production, Storage, and Transportation by Enterprises, China has continuously increased investment in scientific research, promoting breakthroughs in key technologies such as high-proportion consumption of renewable energy, off-grid and fluctuating operation of electrolyzers, efficient conversion of green hydrogen, and hydrogen-ammonia combustion. In local practices, innovation carriers in regions such as the Beijing-Tianjin-Hebei, Yangtze River Delta, and Pearl River Delta have accelerated the commercialization of technologies, achieving breakthroughs in patent layouts in areas such as hydrogen production equipment and fuel cells. Standardization efforts have also advanced in tandem, with the release of multiple energy industry standards, gradually establishing an innovation closed-loop of "technology R&D - pilot-scale maturation - standard certification." II. International Cooperation: From "Import and Absorption" to "Collaborative Expansion" (I) Project Collaboration: Building a Global Green Hydrogen Supply Chain Along the "Belt and Road" Initiative, Chinese enterprises have undertaken the engineering design and equipment supply for multiple landmark hydrogen energy projects, continuously expanding the electrolyzer equipment market. In regional cooperation, China and France have planned to jointly construct a demonstration project for a green energy-integrated offshore smart energy island featuring "wind, solar, hydrogen, and storage" in Dongtai, Jiangsu Province. Chinese and German institutions, relying on the "Governmental International S&T Innovation Cooperation" key project under the National Key R&D Program, have explored low-carbon development of green energy and mutual recognition of standards. These projects have not only facilitated the export of technologies and equipment but also promoted the establishment of a global hydrogen energy supply chain. (II) Technological Synergy: Breaking Through Global Common Technological Bottlenecks In terms of core technology breakthroughs, China and France have jointly conducted research on the safety technology for transoceanic liquid hydrogen transportation, addressing challenges in process control and risk identification for the maritime transport of liquid hydrogen tank containers. China and Germany have collaborated to develop hydrogen internal combustion engine power generation technology, providing a new path for distributed energy. Relevant enterprises from China, Japan, and South Korea have achieved cooperation in the field of fuel cells, promoting deep integration of the industrial and supply chains. In the formulation of international standards, China has contributed "Chinese solutions" to multiple international standards, including the "Test Methods for Power Performance of Fuel Cell Electric Vehicles," driving the shift in technological discourse power from "following" to "keeping pace." (III) Equipment Trade: Building a Global Manufacturing Hub With a complete industry chain, China has become the world's largest exporter of electrolyzers, accounting for nearly half of the international market share. In the field of hydrogen refueling station equipment, domestically produced 70MPa hydrogen dispensers have passed relevant EU certifications and entered the market. Hydrogen storage vessels have provided key equipment for hydrogen energy projects in countries such as Australia and Chile. More notably, Chinese enterprises are transitioning from single equipment exports to a general contracting model of "technology + engineering + services," providing full-chain solutions for "production, storage, transportation, and utilization," driving the integrated go-global efforts of domestic equipment, materials, and engineering services, and establishing an international brand of "China's hydrogen energy manufacturing." III. Addressing Challenges: Strategic Anchors for Future Development Technological innovation is the core driving force for the development of the hydrogen energy industry, and international cooperation is the inevitable path to expand development space. The hydrogen energy industry is at a historical juncture of "technological breakthroughs" and "global layout." However, on the whole, the global hydrogen energy industry is still immature. China needs to overcome obstacles such as the commercialization of hydrogen energy technological achievements, the synergy of innovation resources, and the coordination of policy and market to support hydrogen energy technological innovation and high-quality industrial development. First, strengthen "scenario-oriented" technological breakthroughs. Targeting the three main battlefields of industry, transportation, and energy, carry out targeted R&D to continuously reduce application costs. Drive technological innovation through scenario demands and form a virtuous cycle of "R&D - demonstration - iteration." Second, build a "dual circulation" cooperation pattern. In terms of "bringing in," innovate the international hydrogen energy talent mechanism and introduce top overseas teams. In terms of "going global," rely on the Belt and Road Initiative to establish a hydrogen energy partnership network, export China's technical standards and project management experience, set up overseas R&D centers, and achieve localized technological innovation. Third, improve the policy empowerment and market synergy mechanisms. Incorporate hydrogen energy into the planning of the "new-type energy system," innovate the priority consumption mechanism for green hydrogen, and promote the realization of green value. Optimize the market access mechanism and promote the improvement of hydrogen energy project management policies in various regions. Through precise policy empowerment, reduce the risks of market entities and accelerate the industrial scaling-up process. Through technological innovation breakthroughs and international cooperation expansion, China's hydrogen energy industry has entered a critical stage of development. In the future, it is necessary to drive technology with scenarios and empower the market with policies to promote hydrogen energy as the core pillar of energy transformation and contribute China's wisdom and solutions to the global energy transformation.

In the upcoming year of 2025, we foresee that the global economy will face a series of complex and volatile challenges. With the US election settled, the uncertainty of global trade policies will further increase, bringing new topics to international trade cooperation. In the geopolitical arena, ongoing conflicts and tensions have not shown significant alleviation, which not only poses a threat to global security but also has a significant impact on resource allocation and industrial layout. Against this macro backdrop, industrial transfer and supply chain restructuring have become key topics that we must pay close attention to. 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 to secondary copper. However, the "reverse invoicing" 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 will further narrow. We expect that the procurement ratio of copper processing 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. Yingtan Dingchen Technology Co., Ltd. will attend this conference in full force. We will keep pace with the times, aim at our goals, strive diligently, and move forward with courage! Click the registration form to sign up immediately, and we look forward to meeting you at the conference. Booth number: C9. Φ8 low-oxygen bare bright, only high-quality copper rod. Yingtan Dingchen Technology Co., Ltd., located in the Bailu Science and Technology Park, High-tech Industrial Development Zone, Yingtan City, Jiangxi Province, is a specialized enterprise integrating R&D, production, processing, and sales of copper-based new materials. The main product is Φ8 bare bright copper rod, with an annual production capacity of 225,000 mt. The company has introduced the Shuhong 225,000 mt continuous casting and rolling production line, which is currently the most technologically mature production line in China, achieving continuous production of casting, hot rough rolling, and hot finish rolling, greatly improving production efficiency and energy utilization rate. The equipment adopts shaft furnace melting technology, which preheats the copper cathode plates in the furnace with rising hot air, significantly reducing thermal energy consumption compared to reverberatory furnaces, and is currently the most advanced melting technology in China. The shaft furnace, flow channel, and holding furnace combustion system adopt advanced computer control, automatically adjusting CO values and combustion efficiency, keeping energy consumption at the optimal state, with natural gas consumption significantly lower than the industry average. At the same time, the project adopts AC variable frequency drive technology, greatly reducing power consumption. The copper rod production line of this project has a high degree of automation, excellent equipment, high production efficiency, and stable product quality, with all indicators reaching the first-class level in China. It provides high-quality, high-value-added products to downstream enterprises such as power cables, enamelled wire, automotive wire, and communication cables, with a promising market prospect. The company has unique process technology, an experienced production team, and first-class detection equipment and capabilities in China, meeting the needs of different customers and creating value for them. In the wave of innovation, we stand at the forefront. The company currently has a total investment of 1 billion yuan, and the output value in 2024 has exceeded 10 billion yuan. Currently, we are at a critical stage of development, committed to expanding the market and creating first-class famous and high-quality products. To lead the industry, become a pioneer of innovation, and forge ahead with courage! Contact: Wang Huaqiang, 139 6170 8666. SMM Conference Contact: Li Chongshan, 17349754665, lichongshan@smm.cn.

US President Trump delivered a speech in public on Tuesday, April 22, acknowledging that the current tariffs on goods imported from China by the US are excessively high, and he anticipated a significant reduction in the rates...

On April 23, at the CCIE 2025 SMM (20th) Copper Industry Conference & Copper Industry Expo - Main Forum, hosted by SMM Information & Technology Co., Ltd., Tong Qingping, Chief Scientist and PhD of China Nonferrous Metal Mining (Group) Co., Ltd., analyzed the current development status and high-quality development trends of China's copper processing industry.

In the upcoming year of 2025, we anticipate that the global economy will face a series of complex and volatile challenges. With the US presidential election concluded, the uncertainty of global trade policies will further increase, presenting new issues for international trade cooperation. In the geopolitical arena, 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 transfer and supply chain restructuring have become key 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 to 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 incentives, the space for copper cathode trade will further narrow. We expect that the procurement ratio of copper processing materials between traders and smelters will show a more pronounced differentiation. In this context, the "CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo" meticulously prepared by SMM will be grandly held in Nanchang, Jiangxi from April 22-25, 2025. Jiangsu Hengtong Precision Metal Materials Co., Ltd. will make a splendid appearance at this conference. We will keep pace with the times, aim at our goals, strive diligently, and move forward with courage! Click the registration form to sign up immediately. We look forward to meeting you at the conference. Booth number: C30. "Hengtong" connects the world and creates the future. Jiangsu Hengtong Precision Metal Materials Co., Ltd. (referred to as "Hengtong Precision Metal"), established in January 2008, is a wholly-owned subsidiary of Hengtong Optic-Electric (stock code: 600487) under the Hengtong New Materials Industry Group. The company is located in the Hengtong Optic-Electric Cable Industrial Park in Qidu, Wujiang, Suzhou, and is the largest and most comprehensive manufacturing and R&D base in China, as well as the main export production site of the Hengtong Group. The company has introduced advanced production lines including the SCR copper rod continuous casting and rolling production line from Southwire, the impregnation method high-purity oxygen-free copper rod production line, the Niehoff wire drawing machine, the Niehoff stranding machine, the Fuchuan stranding machine, and the Jinyuan multi-head tinning machine, all of which are characterized by high efficiency, energy saving, excellent craftsmanship, and precision. Currently, Precision Metal is equipped with three copper processing production lines: the South SCR shaft furnace production line, the 5ppm impregnation method high-purity oxygen-free copper rod production line, and the copper rod continuous casting and rolling production line. The annual production capacity of copper rods can reach 500,000 mt, with 300,000 mt of deep-processed products, and an annual output value of 30 billion yuan. The products mainly include T1M20 Φ8.0 electrical round copper rod; 5ppm high-purity oxygen-free copper rod (8.0, 10.0, 12.5, 16mm); Φ0.6～4.5 electrical bare copper round wire (including TR and TY); TR Φ0.127～1.05 electrical bare copper round wire (multi-head parallel wire); bare copper and tinned conductors with cross-sections ranging from 0.25 mm² to 630 mm². The company has passed the ISO9001 international quality management system certification, ISO14001:2015 environmental management system certification, ISO45001:2018 occupational health and safety management system certification, IATF16949 automotive wire management system certification, the integration of industrialization and informatization management system certification, and the energy management system certification. The company has been awarded the titles of National High-Tech Enterprise, MIIT Green Design Product Enterprise, Jiangsu Province Specialized and Sophisticated SME, Jiangsu Province Green Factory, Jiangsu Province Five-Star Cloud Enterprise, Jiangsu Province Demonstration Intelligent Workshop, Suzhou City Demonstration Intelligent Workshop, Jiangsu Province Enterprise Technology Center, Suzhou City Engineering Technology Research Center, Suzhou City Industrial Design Center, and Suzhou City Quality Award. Contact Information: Liangliang Li General Manager of Marketing Center 135-6796-1998 lill@htgd.com.cn Zhongqi Sun Department Manager of Marketing Center 187-6727-0522 sunzq@htgd.com.cn Jianming Zhang Regional Director of Marketing 136-4625-0502 zhangjm@htgd.com.cn SMM Conference Contact: Wencheng Zhang 18766457954 zhangwencheng@smm.cn