According to SMM, Guangdong Xingqi New Materials Co., Ltd. will establish Guangdong's first high-end alloy copper production line. The project involves an investment of 400 million yuan and will construct a production project with an annual output of 15,000 mt of tin-phosphorus bronze and alloy copper plate/sheet and strip, aiming to achieve trial production by early 2026.

As a key material in fields such as aerospace, integrated circuits, and high-speed rail transportation, high-end copper alloys are increasingly gaining strategic importance. Despite China's copper semis production and consumption ranking first globally for consecutive years, with a self-sufficiency rate of 96% for general copper semis, high-end copper alloy products still heavily rely on imports. To address this "chokehold" challenge, SMM recently initiated an industry resource integration proposal, collaborating with upstream and downstream enterprises in the industry chain as well as research institutions to meticulously produce the "2026 China Copper Alloy Materials Sourcing Guide" , aiming to advance the localisation process of high-end copper alloy materials and facilitate the transition from a "major material producer" to a "powerful material producer". Ningbo Ouke Metal Materials Co., Ltd., as a partner, actively participated in the joint production of the sourcing guide, jointly promoting the healthy and rapid upgrading of China's copper alloy materials industry chain. Ningbo Ouke Metal Materials Co., Ltd. , established in 2018, spans 30 mu with a construction area of 12,000 square meters and an annual production capacity of 8,000 mt of copper alloy rods and wires. It is a producer specializing in the R&D and production of high-precision copper alloy materials. The company mainly engages in the production and processing of wire and rod materials for alloys such as tin bronze, red copper, tellurium copper, and brass, offering a comprehensive range of copper alloy series grades, advanced production and inspection equipment, and forming advantageous industrial layouts in multiple sectors. The straightness and tolerance of the company's products can meet the processing requirements of various types of automatic lathes and CNC turning machines, with straight bars available in specifications ranging from φ0.8 to φ100mm in diameter. The grades involved include: 1. Tellurium copper C14500, oxygen-free tellurium copper (new energy high-voltage fast charging series), red copper T2, oxygen-free copper TU1, TU2, etc., with coil stock used for cold heading terminal series (500 kg per single coil) 2. Lead-free copper HBi59-1.5 (conventional C6801), HBi59-2 (applied in easy-to-machine e-cigarette through-hole parts, spring pins, etc.) 3. Tin bronze QSn4-3 (military 1.2, 1.3, 1.5, 2.0, etc., diameter stockpiling), C54400, QSn6.5-0.1, C5191, C51000, QSn10-1, C93200 4. Aluminum bronze QAl9-4, QAl10-4-4, C63000, C63200 5. Conventional brass and environmentally friendly national standard copper: 62, H65, H70 copper, HPb59-1, C3604, etc. 6. New-type elastic easy-to-machine materials: C19160, C31400, C18700, C14415, applied in NEV, military, and aerospace fields 7. Agency sales and polishing, beryllium copper C17300, C17200, QBe2, C17510, etc., can provide high-precision ground bars with a tolerance control of 0.005mm Contact Information Wu Yonglin, Deputy General Manager, 13685735155 (same as WeChat) Click here to receive the "2026 China Copper Alloy Materials Sourcing Guide" for free SMM Contact Person Lin Junfeng 183 2622 3112 linjunfeng@smm.cn

As a critical material in fields such as aerospace, integrated circuits, and high-speed rail transportation, high-end copper alloys are increasingly gaining strategic importance. Despite China's copper semis production and consumption ranking first globally for consecutive years, with a self-sufficiency rate of 96% for general copper semis, high-end copper alloy products still heavily rely on imports. To address this "chokehold" challenge, SMM recently initiated an industry resource integration proposal, collaborating with upstream and downstream enterprises in the industry chain, as well as research institutions, to meticulously produce the "2026 China Copper Alloy Materials Sourcing Guide" , aiming to advance the localisation process of high-end copper alloy materials and facilitate the transition from a "major material producer" to a "leading material powerhouse." Jiangsu Xiongsheng New Material Co., Ltd., as a partner, actively participated in the joint production of the sourcing guide, jointly promoting the healthy and rapid upgrading of China's copper alloy materials industry chain. Jiangsu Xiongsheng New Material Co., Ltd. specializes in producing high-hardness, high-strength, high-wear-resistant, high-corrosion-resistant, high-conductivity, high-thermal-conductivity, and non-magnetic high-performance copper alloy materials, including beryllium bronze, beryllium cobalt copper, beryllium nickel copper, beryllium cobalt nickel, chromium zirconium copper, aluminum bronze, and high-conductivity copper alloys. The main grades are: C17200 beryllium copper, C17300 free-cutting beryllium copper, C17500 beryllium cobalt copper, C17510 beryllium nickel copper, C18150 chromium zirconium copper, 86300 aluminum bronze, and nickel chromium silicon copper. The company boasts over two decades of production experience and history. The company holds over 10 patents, has passed ISO9001 system certification, and possesses 105 sets of equipment, including vacuum melting furnaces, pneumatic forging hammers, and sawing machines, with an annual production capacity exceeding 2,000 mt. Through R&D and improvements in special processes such as melting, forging, heat treatment, and cold working, it has eliminated difficult-to-overcome defects like porosity, blowholes, and uneven thermal conductivity, enabling products to meet national and international industry standards! The products are mainly used in electrode blocks, electrode wheels, conductive nozzles, current pins, nozzles, rotating shaft sleeves, etc., for spot welding, seam welding machines, EV batteries, and robot assembly lines. They are widely applied in manufacturing large molds, ceramic sanitary ware, electronics, machinery, explosion-proof appliances, aerospace, shipping, oil exploration, NEVs, and other industries. Their high-hardness, high-strength, high-wear-resistant, high-corrosion-resistant, high-conductivity, high-thermal-conductivity, and non-magnetic properties are increasingly being applied to more industries and fields. Jiasheng Copper adheres to the industry philosophy of "integrity, pragmatism, and striving for excellence" and upholds the business principle of "quality first, customer supreme." We are willing to grow together with you! Contact Information: Manager Zhang 15853799595/13926800367 Click here to receive a free copy of the "2026 China Copper Alloy Materials Sourcing Guide" SMM Contact Person Lin Junfeng 183 2622 3112 linjunfeng@smm.cn

On June 3, 2025, information from the China National Intellectual Property Administration revealed that Guixi Junda Special Copper Semis Co., Ltd. had applied for a patent titled "A Rolling Equipment for Aluminum Bronze Production with Self-Correction Function," with the publication number CN120079702A. The application was filed in March 2025.

As a critical material in fields such as aerospace, integrated circuits, and high-speed rail transportation, high-end copper alloys have increasingly prominent strategic significance. Despite China's copper semis production and consumption ranking first globally for consecutive years, with a self-sufficiency rate of general copper semis reaching as high as 96%, high-end copper alloy products still heavily rely on imports. To address this "chokepoint" challenge, SMM recently launched an initiative for industrial resource integration. Collaborating with upstream and downstream enterprises in the industry chain, as well as research institutions, SMM meticulously compiled the "2026 China Copper Alloy Materials Sourcing Guide" , aiming to advance the localisation process of high-end copper alloy materials and facilitate the transition from being a "major material producer" to a "leading material powerhouse." Jiangxi Kemige New Materials Co., Ltd. actively participated in the joint compilation of the sourcing guide as a partner, jointly promoting the healthy and rapid upgrading of China's copper alloy materials industry chain. Jiangxi Kemige New Materials Co., Ltd. , established in July 2019 with a registered capital of 100 million yuan, is located in the Industrial Park of Qianshan County, Jiangxi Province. It spans an area of 106 mu (approximately 70,667 m²) and has a construction area of over 80,000 m². The company primarily produces tin-phosphorus bronze plate/sheet and strip, as well as micro-alloyed high-copper alloy products, with an annual production capacity of 60,000 mt of high-precision copper plate/sheet and strip. Its products are used in industries such as power, electronics, electrical appliances, instrumentation, communications, and automotive. Upon full project operation, it will provide over 300 job opportunities and generate an annual output value of 5 billion yuan. The company has purchased a significant amount of advanced copper manufacturing equipment and actively implements environmental protection policies. Adhering to the business principles of people-orientation and integrity-based entrepreneurship, it gathers industry elites, fosters sincere collaboration, mutual benefit, and shared success, and pursues pragmatic innovation and pioneering spirit, aiming to become a top-tier enterprise in the industry in the near future. Contact Information Yu Guiquan 13580811965 0793-5418999 Click here to receive a free copy of the "2026 China Copper Alloy Materials Sourcing Guide" SMM Contact Person Bao Jinyong 131 5933 8158 baojinyong@smm.cn

As a critical material in fields such as aerospace, integrated circuits, and high-speed rail transportation, high-end copper alloys have an increasingly prominent strategic position. Despite China's copper semis production and consumption ranking first globally for consecutive years, with a self-sufficiency rate of general copper semis reaching as high as 96%, the country still heavily relies on imports for high-end copper alloy products. To address this "chokehold" challenge, SMM recently launched an initiative for industrial resource integration, collaborating with upstream and downstream enterprises in the industry chain, as well as research institutions, to meticulously produce the "2026 China Copper Alloy Materials Sourcing Guide" , aiming to advance the localisation process of high-end copper alloy materials and facilitate the transition from being a "major material producer" to a "leading material powerhouse." This time, CNMC Zhengrui (Shandong) Copper Industry Co., Ltd. actively participated in the joint production of the sourcing guide as a partner, jointly promoting the healthy and rapid upgrading of China's copper alloy materials industry chain. CNMC Zhengrui (Shandong) Copper Industry Co., Ltd. , affiliated with China Nonferrous Metal Mining (Group) Co., Ltd., is the only enterprise in China with full-chain production capabilities, including processing of base materials for copper foil, high-precision copper foil rolling, surface anti-oxidation, reddening, and blackening treatments. It is the largest high-precision copper alloy plate, strip, and high-precision rolled copper foil production site in Shandong Province, renowned domestically, and welcomes cooperation discussions. Main Products: Copper and copper alloy plates, strips, and sheets (red copper, cupronickel, brass, iron bronze, copper-nickel-silicon, copper-nickel-tin, etc.); Copper and copper alloy rolled foil materials (high-flexibility copper foil, blackened foil, reddened foil, anti-oxidation bare foil, alloy foil, etc.) Contact Information Gao Ming Director of Sales Department 138 6954 2345 Click here to receive a free copy of the "2026 China Copper Alloy Materials Sourcing Guide" SMM Contact Person Zhang Wencheng 187 6645 7954 zhangwencheng@smm.cn

As a key material in fields such as aerospace, integrated circuits, and high-speed rail transportation, high-end copper alloys have increasingly prominent strategic importance. Despite China's copper semis production and consumption ranking first globally for consecutive years, with a self-sufficiency rate of 96% for general copper semis, high-end copper alloy products still heavily rely on imports. To address this "chokepoint" challenge, SMM recently initiated an industry resource integration proposal, collaborating with upstream and downstream enterprises in the industry chain, as well as research institutions, to meticulously produce the "2026 China Copper Alloy Material Sourcing Guide" , aiming to advance the localisation process of high-end copper alloy materials and facilitate the transition from a "major material producer" to a "powerful material producer". Liaoning Hechang Electronic Materials Technology Co., Ltd. actively participated in the joint production of the sourcing guide as a partner, jointly promoting the healthy and rapid upgrading of China's copper alloy material industry chain. Liaoning Hechang Electronic Materials Technology Co., Ltd. (formerly Liaoning Copper Industry Group) is located at the foot of the picturesque Qianshan Mountain in China, bordering Shenyang to the north and Anshan to the south. It enjoys convenient transportation, abundant resources, and a superior geographical location. Since its establishment in 1996, the company has maintained steady and sustainable development, ranking among China's key enterprises in copper processing. The factory covers an area of 50 hectares, employs over 500 staff, and has an annual copper semis processing capacity of 60,000 mt. Its leading products, including copper and copper alloy strips, sheets & plates, tubes, bars, sections, and profiles, are widely used in various fields of the national economy, such as electronics, power, military, shipbuilding, communications, transportation, machinery manufacturing, metallurgy, home appliances, and construction, and are popular both domestically and internationally. Adhering to the development path of "steady growth and honest operation", the company has cultivated and established a strong and experienced team of professional talents. Over the past two decades, with the goal of producing high value-added, high-tech, and high-quality products, Liaoning Hechang Electronic Materials Technology Co., Ltd. has successively introduced internationally advanced copper semis production and detection equipment from developed countries and regions such as the US, Germany, Austria, and Sweden. Through the organic integration of human resources and equipment advantages, the company has achieved advanced levels in the industry in terms of comprehensive strength, including scientific research and development, process technology, quality systems, technical equipment, and product innovation. The high-precision copper and copper alloy plate/sheet and strip production line has an annual capacity of 60,000 mt, capable of producing high-precision copper plate/sheet and strip series products such as oxygen-free copper strips, tin-phosphorus bronze strips, transformer strips, cable shielding strips, water tank strips, and lead frame materials, with a thickness exceeding 0.1 mm, a coil weight of 6 mt, and a thickness tolerance of less than 0.0001 mm. These products feature stable performance, bright surfaces, and flat plate shapes, with all quality indicators meeting or exceeding international advanced levels. Liaoning Hechang Electronic Materials Technology Co., Ltd. passed the ISO9001:2008 Quality Management System Certification in 2004, and has successively won multiple honors, including "Contract-Abiding and Credit-Worthy Enterprise in Liaoning Province", "Integrity Model Enterprise in Liaoning Province", "Technology Innovation-Oriented Township Enterprise in Liaoning Province", "Top 100 Township Enterprises in Liaoning Province", "Major Taxpayer Enterprise in Liaoning Province", "Top 10 Private Economy Enterprises", "Star Private Enterprise", and "Private Enterprise with Outstanding Contributions". Its products have been rated as "High-Quality Products in Liaoning Province" for six consecutive years, and the "Liaotong" brand trademark is a "Famous Trademark in Liaoning Province". The company currently holds 10 patents with independent intellectual property rights. It has developed products such as "Special Electronic Shell Copper Strip", "Copper-Clad Aluminum Copper Strip", and terminal copper strips, which have passed the acceptance and appraisal of the Chinese non-ferrous metals industry. New products like "Special-Shaped Copper Semis for CPU Heat Sinks" have passed the scientific and technological achievements appraisal organized by the Provincial Science and Technology Department, and have won multiple "Provincial Science and Technology Progress Awards" and "Provincial Achievement Transformation Awards". Contact Information Wang Enda 139 0499 9891 WeChat QR Code Click here to get the "2026 China Copper Alloy Materials Sourcing Guide" for free SMM Contact Person Bao Jinyong 13159338158 baojinyong@smm.cn

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 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 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 Industry Conference and Copper Industry Expo" meticulously prepared by SMM will be grandly held in Nanchang, Jiangxi from April 22-25, 2025. The Hubei Copper Industry Association/Daye Nonferrous Metals Group Holding Co., Ltd. will attend this conference in full force. We will keep pace with the times, aim for our goals, strive diligently, and move forward courageously! Click the registration form to sign up immediately, and we look forward to meeting you at the conference. The Hubei Copper Industry Association was established in October 2024, initiated by Daye Nonferrous Metals Group Holding Co., Ltd., Hubei Aerospace Cable Co., Ltd., Hubei Nuode Lithium Battery Materials Co., Ltd., and Wuhan Second Wire & Cable Co., Ltd. It is a provincial, industrial, non-profit social organization registered and approved by the Hubei Provincial Department of Civil Affairs. The association currently has nearly 100 member units, covering major enterprises and institutions in the province engaged in copper exploration, mining, smelting, deep processing, end-use products, and industry chain services. The association is committed to building a platform for communication and cooperation between government departments, research institutions, universities, supply chain services, and copper enterprises, creating a professional, service-oriented, and academic exemplary industry association that is distinctive, vibrant, and satisfactory to members and the government, becoming a true "industry home" and "golden nanny" for member enterprises. The mission of the association is scale growth, product optimization, technological advancement, innovation enhancement, and green and low-carbon development. The vision of the association is a "billion-dollar aircraft carrier—Central China Copper Valley," and the values of the association are unity, collaboration, progress, and win-win. The association provides high-quality industrial and professional services to its members. Industrial services include industry chain docking, industry-university-research docking, industrial planning research, investment and financing services, transformation and upgrading, brand creation services, exhibition and exchange, scientific research and innovation, supply chain services, market information research, and policy and regulation interpretation. Professional services include inspection and testing, high-end talent cultivation, intellectual property services, technical support and transfer, high-end, intelligent, and green development, and enterprise diagnostic consulting. Since its establishment, the association has actively built a platform for enterprise communication and cooperation, helping member units achieve resource sharing and mutual benefit. It has actively provided suggestions to the government to solve practical difficulties for enterprises. It has actively communicated and cooperated with state-owned central enterprises and national key scientific research institutions to help enterprises develop new quality productive forces. It has actively established cooperative relationships with national industry associations and societies, continuously expanding the "circle of friends" and influence of the copper industry in our province. Daye Nonferrous Metals Group Holding Co., Ltd. (hereinafter referred to as "the company") is the largest domestic investment enterprise of the central enterprise China Nonferrous Metal Mining (Group) Co., Ltd., located in Huangshi, Hubei, which has a 3,000-year history of bronze culture. The company was founded in 1953 and was one of the 156 key projects during the first Five-Year Plan of New China. It has successively been under the jurisdiction of the Central South Nonferrous Metals Industry Administration, the National Heavy Industry Ministry, the Metallurgical Industry Ministry, the China Nonferrous Metals Industry Corporation, and Hubei Province. On January 21, 2011, China Nonferrous Metal Mining (Group) Co., Ltd. reorganized the company into an important domestic copper smelting base. After more than 70 years of construction and development, the company has grown into a state-owned large-scale copper industrial conglomerate integrating geological exploration, mining, mineral processing, smelting, and processing. It mainly owns 4 operating mines, 3 operating smelters, 1 copper processing enterprise, 1 "urban mining" dismantling and utilization enterprise, as well as supporting enterprises in scientific research, logistics, maintenance, and trade. Currently, it has an annual production capacity of 4.3 million mt of mining and mineral processing, 700,000 mt of blister copper, 1 million mt of copper cathode, 20 mt of gold, 1,000 mt of silver, 2.6 million mt of sulphuric acid, 240,000 mt of iron ore concentrates, and 300,000 mt of copper rod. The market share of its annual copper cathode production ranks among the top in the country. While focusing on strengthening and optimizing the domestic industry, the company adheres to an outward-looking perspective, actively expanding overseas business. Relying on the "going global" development strategy of its parent company, China Nonferrous Metal Mining (Group) Co., Ltd., and its own professional advantages, the company has established an engineering technology company and an overseas maintenance center, providing resource development, operation, and maintenance services and technical support for overseas Chinese enterprises in Central and Southern Africa, helping the development of overseas Chinese enterprises. The company is an innovative enterprise in Hubei Province, possessing a series of scientific and technological innovation platforms such as a national-level enterprise technology center, a postdoctoral research workstation, a national-level engineering practice education center, a nationally accredited laboratory, and a Class A research institute in the metallurgical industry, focusing on building new quality productive forces. The company currently has 1,876 management and technical personnel, including 732 with intermediate or higher professional titles, covering 15 fields such as metallurgy, mining, mineral processing, and machinery. It has obtained 342 national authorized patents, 158 various types of scientific and technological awards, and has presided over or participated in the drafting and revision of 170 international, national, and industry standards. It has successively won honorary titles such as "National Civilized Unit," "National Contract and Creditworthy Enterprise," "National May 1st Labor Certificate," "National Model Harmonious Labor Relations Enterprise," "National Excellent Enterprise in Employee Ideological and Political Work," and "National Excellent Unit in Enterprise Culture Construction." Looking to the future, the company will always adhere to the original intention of "contributing to the development of China's copper industry" and the mission of representing the "national team" in global competition. Guided by General Secretary Xi Jinping's three important instructions and the spirit of the 2.26 instruction to China Nonferrous Metal Mining (Group) Co., Ltd., the company will implement the "1+4" development strategy of China Nonferrous Metal Mining (Group) Co., Ltd., continuously strengthen scientific and technological innovation, optimize the industrial structure, deepen internal reforms, continuously enhance core competitiveness and core functions, and strive to build a first-class copper enterprise with distinct intelligent and green characteristics, contributing to China Nonferrous Metal Mining (Group) Co., Ltd.'s goal of becoming a world-class mining enterprise, and demonstrating the responsibility of a central enterprise in realizing Chinese-style modernization. SMM Conference Contact: Jie Ren, 18655033505, renjie@smm.cn.

On April 29, the China Nonferrous Metals Industry Association held a press conference on the economic operation of the nonferrous metals industry in Q1 2025. At the conference, Li Yusheng, Director of the Policy Research Office of the China Nonferrous Metals Industry Association, responded to questions from a reporter from the *Resource Recycling* magazine regarding the upgrading of the secondary metal industry and the construction of an international resource collaboration system. Li Yusheng introduced that the *Government Work Report* at the 2025 Two Sessions made new arrangements for the continuous deepening of the development of the resource recycling industry, namely, "strengthening the recycling of waste materials, vigorously promoting the use of secondary materials, and promoting the development of the circular economy." The National Development and Reform Commission (NDRC) and the Ministry of Finance issued the *Notice on Intensifying and Expanding the Implementation of Large-Scale Equipment Replacement and Consumer Goods Trade-in Policies in 2025*, implementing special actions to promote the application of secondary materials and supporting producers of automobiles, electrical and electronic products, etc., to increase the proportion of secondary materials used. The Ministry of Industry and Information Technology (MIIT), in conjunction with multiple departments, issued the *Implementation Plan for High-Quality Development of the Copper Industry (2025-2027)* and the *Implementation Plan for High-Quality Development of the Aluminum Industry (2025-2027)*, proposing to strengthen the processing and distribution capacity of copper and aluminum scrap, promote the standardized recycling and refined sorting of raw materials, encourage the import of qualified secondary copper and aluminum raw materials, support copper smelters and copper and aluminum processing enterprises to increase the proportion of secondary copper and aluminum used, and promote high-value utilization. In terms of encouraging technological innovation, the NDRC and other departments issued the *Green Technology Promotion Catalogue (2024 Edition)*, which includes technologies such as "comprehensive recycling and utilization technology for waste lithium-ion batteries," "comprehensive utilization technology for arsenic-containing waste residues from gold and copper smelting," and "clean recovery technology for valuable components from waste power batteries," among others. Financial institutions are encouraged to strengthen financing support for the application of green technologies listed in the *Catalogue* through green credit, green bonds, carbon emission reduction support tools, etc. Li Yusheng stated that in 2024, China's production of secondary nonferrous metals reached 19.15 million mt, ranking first in the world for 15 consecutive years. The physical content of imported secondary copper and aluminum raw materials exceeded 4 million mt, accounting for 23% of the total supply of raw materials, a decrease of 1.7 percentage points compared to 2023. A raw material supply structure has been basically formed, with domestic recycling as the main source and imports as an important supplement. At the same time, China is actively constructing a more resilient international resource collaboration system to reduce the impact of external risks. 1. Import management policies are continuously improved, and the variety of imported products is increasing. The new version of the announcement on the import management of secondary copper and aluminum raw materials and relevant customs inspection procedures have been implemented since November 2024, adding the import of secondary copper alloys such as brass, bronze, white copper, and high-copper alloys, as well as secondary wrought aluminum alloys and secondary pure aluminum raw materials that meet the index requirements. The announcement on the import management of secondary black mass raw materials for lithium-ion batteries has completed the solicitation of opinions, and secondary black mass raw materials that meet the standards will be included in the category of free imports. In addition, the import management policy for spent target materials after sputtering is also being orderly promoted, aiming to recycle and reuse critical strategic metal resources such as tantalum, cobalt, nickel, tungsten, molybdenum, and vanadium. 2. Establish recycling plants abroad to expand the coverage of the recycling network. Following the establishment of dismantling, sorting, and recycling production lines for secondary nonferrous metal raw materials by Chinese enterprises in Southeast Asian countries such as Vietnam, Malaysia, Thailand, and Cambodia, Chinese enterprises have begun to establish sorting plants in countries such as Japan, South Korea, Pakistan, Bangladesh, and Indonesia to recycle secondary nonferrous metal resources, greatly expanding the sources of international secondary raw materials and enhancing the resilience of overseas secondary resource supplies. 3. The number of countries from which raw materials are imported has increased, and the sources of secondary raw materials have become more diverse. Taking the import of secondary aluminum raw materials as an example, the number of importing countries and regions has increased to 95, an increase of 6 compared to 2023. The number of countries and regions importing more than 10,000 mt of secondary aluminum has reached 22, an increase of 4 compared to 2023. 4. Customs further optimizes the business environment at ports to facilitate customs clearance. The General Administration of Customs has carried out pilot projects for the transshipment of secondary metal raw materials in inland areas, creating favorable conditions for importing enterprises to reduce transportation and logistics costs and improve customs clearance efficiency. At the same time, it has comprehensively promoted the construction of smart customs and introduced 16 specific measures to "optimize processes, simplify procedures, and improve efficiency," helping enterprises reduce costs, increase vitality, and continuously enhance the level of cross-border trade facilitation.

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 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 is expected to further narrow. We predict that the procurement ratio of copper semis 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. Jiangxi Jiarun Holding Group Co., Ltd. will make a splendid appearance at this conference. We will synchronize with the times, aim for 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: C43. Forging excellent copper semis, providing customers with competitive products and services. In June 2022, Jiangxi Jiarun Holding Group Co., Ltd. was officially established, located in the Guixi Economic and Technological Development Zone, Jiangxi Province, with a registered capital of 100 million yuan. The group's subsidiaries, Guixi Aotai Copper Co., Ltd. and Jiangxi Yuntai Copper Co., Ltd., have been rooted in Guixi for nearly 20 years, with an annual capacity of 70,000 mt of high-precision brass plate/sheet and strip, ranking ninth in the national copper plate/sheet and strip industry. In August 2023, the 100,000 mt (first phase of 50,000 mt) high-precision copper plate/sheet and strip project invested by Jiarun Holding Group, Jiangxi Yunsheng New Materials Co., Ltd., commenced construction. Upon reaching full production, the group's total capacity will exceed 120,000 mt, ranking fifth in the country and becoming one of the key enterprises in China's brass plate/sheet and strip industry. Guixi Aotai Copper Co., Ltd. was established in June 2006, with an annual production of 20,000 mt of high-precision tin-phosphor bronze and zinc-copper-nickel alloy electronic copper strip. The products are popular in more than 10 provinces, cities, and autonomous regions across the country, and are highly favored in the Yangtze River Delta and Pearl River Delta regions. Jiangxi Yuntai Copper Co., Ltd. was established in July 2017, with an annual production of 50,000 mt of high-performance, high-precision copper plate/sheet and strip. Yuntai Company has transformed from rough processing of copper to fine processing of electronic-grade copper plate/sheet and strip, serving as a model for the optimization and upgrading of traditional industries in Jiangxi Province. Jiangxi Yunsheng New Materials Co., Ltd. specializes in red copper plate/sheet and strip, brass plate/sheet and strip, and lead frame copper strip, filling the gap in high-precision red copper products for Aotai and Yuntai companies, thereby achieving full coverage in the high-performance, high-precision electronic copper plate/sheet and strip market. Contact Information: Hu Guoguang, 187 5538 6388. SMM Conference Contact: Lin Jiazhi, 15017566696, linjiazhi@smm.cn.