On April 24, the SMM Imported Copper Concentrate Index (weekly) stood at -81.44 USD/dmt, down 2.83 USD/dmt from the previous reading of -78.61 USD/dmt. The deeply negative TC reflects the tightness in the global copper concentrate market, which has already shifted from market expectations to an actual rigid contraction in supply. In the first quarter of 2026, the world's leading mining companies frequently revised down their production guidance, with supply-side disruptions far exceeding early-year forecasts. Freeport significantly lowered its full-year 2026 copper production forecast from 1.542 million tonnes to approximately 1.406 million tonnes, with an expected recovery rate of only 65%, due to slower-than-expected mine recovery at its Grasberg site in Indonesia, affected by mudslides and ore moisture. In addition, road blockades caused by strikes at BHP's Escondida and Zaldivar mines have led to actual production impacts that remain to be monitored. According to SMM exclusive data, the global copper concentrate deficit in 2026 is estimated at 317,000 metal tonnes, a situation that may ease somewhat in 2029. In stark contrast to the persistently falling TC, domestic smelter operating rates remained high in Q1 2026. According to SMM data, China's electrolytic copper output in March 2026 reached 1.2061 million tonnes, up 5.58% month-on-month and 7.49% year-on-year. In Q1 2026, total electrolytic copper output was 3.5278 million tonnes, up 4.60% quarter-on-quarter and 10.45% year-on-year. SMM survey data shows that 11 smelters have confirmed maintenance schedules for Q2 2026. This means that domestic electrolytic copper output is expected to decline in Q2, with spot supplies likely tightening temporarily in May and June. However, some smelters have reported that due to high sulfuric acid prices, maintenance completion times may be brought forward. Sulfuric acid is currently the most important by-product revenue source for the copper smelting industry. According to SMM data, on April 24, 2026, China's copper smelting acid index stood at 1,660.5 RMB/ton, up 31.5 RMB/ton from the previous period. As sulfuric acid revenues have risen steadily from 890 RMB/ton at the start of 2026 to 1,660.5 RMB/ton in April 2026, based on the co-production of 3–4.5 tonnes of sulfuric acid per tonne of electrolytic copper, sulfuric acid income can now cover the copper concentrate procurement cost and part of the processing cost for smelters. The upward slope and magnitude of this increase exceed the deterioration in spot TC. The substantial boost in sulfuric acid profitability allows smelters to tolerate lower TC, creating a cycle of "higher sulfuric acid prices, lower TC." Meanwhile, rising gold and silver prices have further expanded smelters' comprehensive profit margins. Although the copper smelting segment is deeply loss-making, driven by the hefty profits from sulfuric acid, gold, and silver, domestic copper smelters have been able to maintain high operating rates without large-scale production cuts caused by deeply negative TC. Additionally, about 20% of the world's electrolytic copper comes from hydrometallurgical processes, with the DRC and Chile together accounting for nearly 80% of that. Hydrometallurgical copper production consumes large amounts of sulfuric acid, and sulfur is a key raw material for sulfuric acid. The current disruption in the Strait of Hormuz has cut off approximately 50–60% of Middle Eastern sulfur shipments by sea, pushing up sulfur and sulfuric acid prices. Worth noting is that as late April 2026 progresses, sulfuric acid export restrictions combined with increased domestic production have shown signs of price softening. If sulfuric acid prices continue to decline, it will directly squeeze the comprehensive profit margins of domestic smelters. At that point, the dual pressure of persistently low TC and falling sulfuric acid prices could trigger real production cuts on the smelting side. Although gold and silver prices do not directly determine TC trends, their macro-pricing logic as part of the non-ferrous metals sector is worth attention. The market has largely priced in the expectation that the Federal Reserve will not cut interest rates at all in 2026, with the first rate cut possibly delayed until July 2027. For copper, a delayed rate cut means no near-term easing of macro liquidity, but copper's core pricing logic remains the ongoing tug-of-war between tightening supply on the mining side and rigid demand. In other words, precious metals are under pressure, but industrial metals' pricing center remains in real supply-demand fundamentals, which explains why weaker gold and silver prices have not dragged copper prices lower. According to SMM, for Chinese smelters, domestic copper concentrate spot TC transactions are feasible in the range of -81 USD/dmt to -88 USD/dmt. Some holders have attempted to offer TC at -100 USD/dmt, while some smelters are willing to accept deliveries at the lower end around -90 USD/dmt. The downward trend in TC has not yet stopped, and smelter purchasing activity may have weakened slightly, but not significantly. Key areas to watch moving forward: Sulfuric acid side: The price trend will depend on the interplay of multiple factors. First, China's sulfuric acid export policy direction: if export restrictions continue, domestic sulfuric acid supply will be relatively abundant, and prices may fall from highs; if exports are temporarily allowed, overseas hydrometallurgical copper supply risks will rise, but domestic sulfuric acid prices may find support. Second, the recovery of sulfur supply: when shipping through the Strait of Hormuz returns to normal will directly affect the pace at which Middle Eastern sulfur can supplement global markets. Third, seasonal demand changes for downstream products such as phosphate fertilizers will also cause periodic price volatility for sulfuric acid. Mining side: Focus on the progress of the Grasberg conversion project, labor negotiation results at Chilean mines, and logistics stability at mines such as Las Bambas in Peru. Any new supply release will effectively ease TC pressure. Macro side: Monitor the Federal Reserve's monetary policy path, the U.S. dollar index, the actual driving effect of China's pro-growth policies on copper consumption, and whether the growth rate of copper demand in global new energy sectors is slowing marginally.

First, multi-material indexation has become normal practice in domestic cell pricing. However, passing these costs through to project owners is far from smooth. Second, the adjustment cycle in overseas markets is shortening. Yet even a lithium-carbonate-only linkage faces resistance at the owner level. Third, cost pressure is concentrating heavily at the integration stage.

On March 23, the 150,000-ton annual electrolytic copper project undertaken by the Second Company of China No.15 Metallurgical Construction Group Co., Ltd. for Jiangxi Copper Hongyuan Copper Industry Co., Ltd. successfully produced a cumulative total of 1,300 tons of high-purity cathode copper, with product purity reaching 99.997%, exceeding the design value of 99.9935%.

As of March 9, SMM recorded total social inventory of copper cathode in major regions of China at 578,900 mt, up 1,700 mt from last week and up 70,400 mt from February 24, reaching a historical high. Over the same period, spot premiums for SMM #1 copper cathode gradually recovered from premium -260 yuan/mt on February 27 to parity on March 10. Overall, this upswing in spot premiums was mainly driven by the approach of delivery, under which the contango price spread between nearby and next-month contracts stayed around 300 yuan/mt; suppliers held prices firm and withheld sales, while about half of the material was converted into warrants and locked in, jointly tightening circulating supply. Observing the inventory accumulation pace, from the week of March 2 to March 9, inventories in three key regions increased by 14,400 tons, a growth of 2.65%. This marks a significant slowdown compared to the average weekly increase of approximately 45,000 tons during the period from February 5 to February 26. The deceleration in inventory buildup provided room for improvement in premiums. Current inventory accumulation primarily stems from two factors: First, the continued arrival of imported copper. According to SMM research, a substantial volume of imported copper continues to arrive recently, and it is expected that arrivals will not see a significant decline in March. The steady inflow of imported materials provides a continuous supply supplement to the domestic market and is a crucial support for maintaining high total inventory levels. The actual situation of imported arrivals in April remains to be confirmed, requiring close attention to customs data at month-end and changes in port clearance pace. Second, some cargoes are being delivered into bonded/warehouse warrant stocks. According to the electrolytic copper spot purchasing and selling sentiment indices for the Shanghai region recorded by SMM, the purchasing sentiment index rose from 2.08 on February 24 to 2.78 on March 10, while the selling sentiment index increased from 2.09 to 2.90 over the same period. Some downstream players have limited acceptance of current copper prices, maintaining a procurement strategy focused on immediate needs, resulting in selling sentiment slightly outpacing purchasing sentiment. Based on SMM's communications with enterprises: Upstream Producer 1: Recent consumption is relatively good, with daily sales around 2,000 tons. Upstream Producer 2: Currently produced electrolytic copper is primarily for export. Domestic inventories are low, so there's no rush to sell. Unwilling to sell when discounts are excessive. Trader 1: Quotations in the Changzhou market are higher than in Shanghai, mainly because locally available circulating cargoes are mostly warrants. Under the current spread structure, holders have high flexibility in selling – they can choose to sell or hold. Trader 2: The market is not short of supply; there are still a large number of warrants in warehouses awaiting digestion. However, due to the delivery mechanism, the incentive to sell depends on the premium level. Only when the premium exceeds the cost of capital will there be a strong willingness to liquidate. Downstream User 1: Recent orders are relatively robust. When copper prices fell on March 9, we already replenished inventories at the low point. Current raw material inventory can sustain operations until March 15. There are no immediate plans for further procurement; subsequent needs will primarily be met through long-term contract drawdowns. Downstream User 2: The recent spot premium has been quite firm, mainly due to the spread between months. Without such a high monthly spread, the premium would definitely not reach this level. In summary, this round of recovery in spot premiums is driven by multiple factors: First, the approach of delivery and the widening monthly spread strengthened holders' willingness to support prices. With delivery approaching, the Contango spread between months remains around 300 yuan/ton. Holders are underpinning prices, reluctant to sell, and strongly inclined to deliver stocks into warrants. Second, the inventory structure further amplified the tightness of available circulating supply. Taking Jiangsu as an example, out of 118,000 tons of social inventory, 94,000 tons were futures warrants. This portion is locked in delivery warehouses, making it difficult to form effective supply in the short term, leading to a phase of relative tightness in spot market circulating cargoes. According to SMM, some downstream companies in Jiangsu struggled to source materials in the market and opted to procure using the SMM Flat Copper Price average as a benchmark with minor adjustments. Third, the comprehensive resumption of work by downstream enterprises released procurement demand. After the Lantern Festival, downstream processing enterprises in Jiangsu, Zhejiang, and Shanghai entered a full resumption phase. Surveys indicate that companies in the battery materials sector maintain high operating rates. Copper foil processors reported that downstream battery manufacturers sustain high operating rates, with March production schedules already showing characteristics of the peak season. Copper tube companies, supported by peak season stocking from the air conditioning industry, have operating rates exceeding pre-holiday levels. Although the recovery pace in the wire & cable and copper rod sectors is relatively slow, overall procurement demand has significantly improved compared to the first week after the holiday. Fourth, the decline in copper prices activated downstream restocking intentions. Recently, Shanghai copper futures prices retreated somewhat, stimulating downstream enterprises to purchase at dips. Previously suppressed by high copper prices, downstream players mostly maintained a cautious just-in-time procurement strategy, resulting in generally low raw material inventory levels. After the price pullback, some companies took the opportunity to replenish stocks, boosting spot transaction activity.

SMM March 2 Update: Today, in Guangdong, #1 copper cathode spot prices against the front-month contract: high-quality copper was quoted at a discount of 50 yuan/mt, down 20 yuan/mt; standard-quality copper was quoted at a discount of 280 yuan/mt, down 50 yuan/mt; SX-EW copper was quoted at a discount of 340 yuan/mt, down 50 yuan/mt. The average price of #1 copper cathode in Guangdong was 102,290 yuan/mt, up 335 yuan/mt from the previous trading day, while the average price of SX-EW copper was 102,115 yuan/mt, down 50 yuan/mt from the previous trading day. Spot market: Inventory in Guangdong has increased for six consecutive days, mainly due to slow recovery in downstream consumption. With rising inventory and rebounding copper prices, downstream buyers were not active, and suppliers had to lower premiums to ship goods, resulting in moderate overall trading. Today, the purchasing sentiment for electrolytic copper in the Guangdong region was 2.4, down 0.1 from the previous trading day, and the shipping sentiment was 3.1, up 0.1 from the previous trading day. (Historical data can be accessed by logging into the database.) Overall, with rising inventory and rebounding copper prices, downstream buyers were not active, and overall trading was moderate.

SMM Morning Meeting Minutes: LME copper opened at $13,317/mt overnight, fluctuated rangebound after opening, then touched a low of $13,168/mt, and subsequently the center rose to touch a high of $13,348/mt, finally closing at $13,259/mt, down 0.68%. Trading volume reached 18,000 lots, a decrease of 809 lots from the previous trading day; open interest reached 316,000 lots, a decrease of 4,795 lots from the previous trading day, overall mainly showing bulls reducing positions. The most-traded SHFE copper contract opened at 102,670 yuan/mt overnight, fluctuated downward after opening, then touched a low of 101,780 yuan/mt, and subsequently the center rose to touch a high of 102,880 yuan/mt, finally closing at 102,550 yuan/mt, down 0.15%. Trading volume reached 55,000 lots, a decrease of 51,000 lots from the previous trading day; open interest reached 186,000 lots, an increase of 1,437 lots from the previous trading day, overall mainly showing bears increasing positions.

Following the Chinese New Year holiday, the electrolytic copper market has entered its traditional post-holiday resumption validation period. The Yangtze River Delta region, as the national core for copper processing and consumption, serves as a bellwether for assessing supply-demand dynamics through the operating rates and raw material procurement pace of its leading enterprises. Our survey indicates that the region is currently characterized by "excessively high inventory accumulation, a divergence in resumption rates, and cautiously recovering procurement sentiment," leading to a downward revision of market expectations for the start of the peak season in March. According to SMM research, as of February 26, 2026, social inventories of electrolytic copper stood at 531,700 metric tons, an increase of 178,100 metric tons from February 12. This pace of inventory buildup significantly exceeds levels seen in previous years. The Yangtze River Delta region contributed the bulk of this increase: inventories in Shanghai rose to 305,800 metric tons, while Jiangsu Province reached 93,100 metric tons, up by 97,500 metric tons and 45,200 metric tons respectively from February 12. This round of inventory accumulation is characterized as "passive delivery into warehouses." As the first trading day after the holiday (February 25) coincided with the last trading day for the SHFE 2602 contract, smelters concentrated their deliverable cargoes into exchange-designated warehouses just before the holiday. This led to an increase of 80,400 metric tons in SHFE copper warrants, bringing the total to 277,100 metric tons, a portion temporarily locked in the form of warrants. Concurrently, with the narrowing of import losses and the emergence of a profit window before the holiday, arrivals of imported copper in March are expected to increase, putting dual pressure on domestic social inventories from both domestic production and imported supply. Based on operational feedback from enterprises, downstream processing sectors in the Yangtze River Delta exhibit significant contrasting dynamics: The battery materials sector maintains robust performance. Copper foil producers either had short production stoppages or operated continuously during the holiday. Downstream battery manufacturers are running at high utilization rates, with some reporting that their March production schedules already display peak-season characteristics. This sustains rigid demand for purchasing electrolytic copper. In contrast, the resumption of operations in the traditional cable and copper processing sectors is sluggish. Performance in traditional copper-consuming segments like wire and cable, copper rod, and copper tube is relatively weak. In the first week after the holiday, leading cable companies saw a decline in new orders. Apart from high copper prices dampening downstream acceptance, the fact that end-user projects have not yet fully commenced is a major constraint. According to enterprise feedback, construction and infrastructure projects typically resume gradually after the Lantern Festival (which falls after the standard holiday), and the market is currently in a lull for new orders. Copper rod processors generally have high finished goods inventory, and some orders from before the holiday are still pending delivery. Consequently, their procurement of electrolytic copper primarily focuses on consuming existing inventory and making ad-hoc spot purchases based on immediate needs, showing a weak willingness to stock up on raw materials. Overall, downstream consumption in the region currently presents a pattern of rigid demand from the battery sector versus pending demand from the cable sector. The transmission of genuine end-user consumption to the electrolytic copper procurement stage will still require time. According to information obtained by SMM through communication with enterprises: Enterprise 1: Normal operations resumed on the 6th day of the first lunar month. The downstream battery industry is operating at a high utilization rate; current copper foil production has increased from 20% to approximately 50% compared to previous levels. However, the wire and cable sector has seen relatively few new orders recently. The main reasons are persistently high copper prices, and, consistent with previous years, end-user projects typically do not fully commence until after the Lantern Festival, leading to a temporary lag in demand transmission. Enterprise 2: The company reached full production capacity immediately after resuming work on the 6th day of the first lunar month, requiring approximately 1,000 tons of electrolytic copper daily. Raw material inventory is maintained at a reasonable level, adopting a cautious procurement strategy of daily spot purchases. However, finished goods inventory is higher than before the holiday, with some pre-holiday orders still pending delivery. Regarding downstream orders, pre-holiday withdrawals were relatively concentrated, while the performance of new orders after the holiday is weak, as some downstream customers have yet to restart operations. Enterprise 3: Production workshops ran continuously during the Chinese New Year. Recently, production has remained stable, with orders from key clients holding steady. Raw material inventory is kept at a low level, and electrolytic copper purchases are made based on order volume. However, the volume of recent spot purchases has decreased compared to the previous period. Enterprise 4: Recently, there has been a decrease in new downstream orders, resulting in sluggish market transactions. Pressure from finished goods inventory is not significant, but some pre-holiday orders are still awaiting delivery. Raw material inventory is maintained within a normal and manageable range. On February 24, the Purchasing Sentiment Index recorded 2.08, remaining in a weak range, indicating low enthusiasm among downstream companies for market inquiries in the first week after the holiday. Subsequently, it recovered day by day to 2.58 on February 26. Over the same period, the Shipment Sentiment Index rose from 2.09 on February 24 to 2.80 on February 26, showing a continuous upward trend and consistently remaining higher than the Purchasing Sentiment Index. H istorical data can be queried in the database. This reflects that, as the resumption of work progresses, some rigid demand has begun to emerge, with certain downstream companies entering the market for inquiries. However, the absolute levels remain low, indicating limited acceptance of current copper prices among downstream users. Their stocking strategy remains predominantly "hand-to-mouth procurement." Holders, under pressure from high inventories, exhibit a strong willingness to liquidate, while market transactions are primarily circulating within the trading sphere, with genuine downstream offtake yet to pick up significantly. Looking ahead, the unexpected inventory accumulation has already triggered a market correction to previous supply-demand expectations. In the short term, social inventories in the Yangtze River Delta region still face pressures from two fronts: first, the arrival of imported copper resources, and second, the need for time to digest high downstream finished goods inventories. Channels for inventory outflow are also obstructed, with LME inventories continuing to climb and maintaining a Contango structure, making it difficult to absorb the domestic surplus. A positive factor on the supply side lies in the concentrated maintenance window for domestic smelters during March-May in the first half of the year, with substantial impacts expected to emerge starting in April. If demand-side support materializes by then, an inventory drawdown cycle could potentially commence between late March and April. However, due to the exceptionally high post-holiday inventory starting point, even entering a destocking phase is unlikely to replicate the high BACK structure and high premiums seen during the same periods in previous years. Overall, the post-holiday resumption in the Yangtze River Delta region is characterized by high inventory levels, cautious procurement, and pending orders. The market is now awaiting the substantive return of end-user orders after the Lantern Festival. The short-term price-driving logic may shift from validation of "expected destocking" to "actual destocking."

【SMM Copper Inventory Update】Imported and domestically produced copper continued to arrive on the supply side, while on the demand side, downstream operations had not yet fully resumed production and operations due to seasonal factors, leading to a supply-demand mismatch that drove inventory buildup further. According to SMM data, as of February 26, 2026, social inventories of electrolytic copper in mainstream regions across the country continued the post-holiday inventory buildup trend, with the total amount reaching 531,700 mt, reaching a historically high level.

SMM News on May 28: In the early summer, all things thrive! As the May breeze sweeps across the land of central China, carrying with it the fragrance of wheat waves and the lushness of vegetation, Luohe Yuanheng New Materials Co., Ltd. held a grand commissioning ceremony in this vibrant season. On May 28, the atmosphere at the commissioning ceremony site was lively, with a gathering of distinguished guests, all coming together to witness this significant moment. On the occasion of the successful commissioning ceremony of Luohe Yuanheng New Materials Co., Ltd., SMM Information & Technology Co., Ltd. (SMM) extends its sincere congratulations to Luohe Yuanheng New Materials Co., Ltd. We hope that the company will take the commissioning as a new starting point, continuously making breakthroughs in technological innovation, capacity release, and market expansion, injecting more vitality and momentum into the high-quality development of the new materials industry! Introduction to Luohe Yuanheng New Materials Co., Ltd. Company Profile Luohe Yuanheng New Materials Co., Ltd., established on August 8, 2024, with a registered capital of 50 million yuan, is a comprehensive enterprise focusing on the R&D, production, sales, and related technical services of new materials. Project Overview The company has a total investment of 50 million yuan and a building area of 6,690 m². The company places great emphasis on technological R&D and innovation, having assembled a high-caliber R&D team, equipped with internationally leading production equipment and detection instruments. It strictly adheres to advanced industry production processes and quality standards, implementing key projects such as "annual production of 100,000 mt of copper-based new materials." Development Plan Park Synergy and Industry Chain Extension : Firstly, relying on the professional copper distribution park in Linying County, the company actively integrates into the park's industrial ecosystem, strengthens collaborative cooperation with upstream and downstream enterprises within the park, extends the new materials industry chain, and enhances the company's influence and competitiveness within the industry. Technological Innovation and Product Upgrades : Secondly, the company will continue to increase R&D investment, establish close industry-university-research cooperation with well-known domestic universities and research institutions, focus on cutting-edge technologies in the field of new materials, continuously promote product upgrades and replacements, improve product performance and added value, and expand the high-end new materials market. Strategic Goals and Development Path : Thirdly, with the strategic goal of "becoming a leading new materials supplier and technology service provider in China," the company adheres to the business philosophy of "innovation-driven, quality-led, and green development." On one hand, it will strengthen internal management, optimize production processes, and improve production efficiency and product quality; on the other hand, it will actively expand the market, strengthen brand building, and achieve rapid corporate development. It is expected that by the end of 2025, the company's annual output value will reach 3.5 billion yuan, and its annual tax payment will reach 320 million yuan. Product Introduction of Luohe Yuanheng New Material Co., Ltd. Main Products The company mainly produces bright low-oxygen and oxygen-free copper rods, anode plates, etc. Among them, bright low-oxygen and oxygen-free copper rods are mainly used in fields such as wire and cable, electronic components, communication cables, rail transit, and new energy; anode plates are mainly used as raw materials for the production of copper cathode {{note: do not translate as electrolytic copper}}. Low-oxygen Copper Rod The oxygen content of low-oxygen copper rods is relatively low, usually below 200ppm. This gives them better electrical conductivity than ordinary copper materials, while also providing a certain level of strength and toughness. Anode Plate Anode plates, as key components in electrochemical systems, play an indispensable role in many industries. Their main function is to serve as the electrode where oxidation reactions occur during electrochemical processes such as electrolysis, electroplating, and battery operations, providing an electron conduction path for the system. SMM Contact Person: Haiyang Li Phone: 16601900091 Email: lihaiyang@smm.cn

Since the global consensus on green and low-carbon development was reached, the strategic position of the secondary metal industry has become increasingly prominent. With the accelerated advancement of industrialization, the demand for metal resources has continued to grow. As a green, environmentally friendly, and economically viable alternative resource, secondary metals have become a global focus. In recent years, Southeast Asia has emerged as a significant global hub for the collection, distribution, and processing of secondary resources. Meanwhile, with the deepening internationalization of industries such as new energy vehicles (NEVs), processing enterprises in the secondary copper, secondary aluminum, and battery industries, which are part of the material supply chain, have chosen to establish factories in Southeast Asian countries like Thailand to expand overseas resources and enhance global competitiveness. Thailand, as a key economy in Southeast Asia, boasts a relatively mature resource recycling system and a favorable geographical location, providing convenient conditions for regional collaboration and international trade in the secondary metal industry. It has now developed into a global industrial base for the recycling, sorting, and reprocessing of secondary metals such as secondary aluminum and secondary copper, annually exporting substantial amounts of secondary metal resources to China and other countries. Additionally, Thailand's manufacturing sector is thriving, with annual expansions in areas such as automotive manufacturing and electronics and electrical appliances, providing strong demand support for the secondary metal resource industry. From June 24-25, 2024, the 1st SMM Global Secondary Metal Industry Forum was held in Malaysia. The event brought together recycling associations, government officials, and renowned enterprises from various regions to discuss the current state and future development of the secondary metal industry. From 2024 to 2025, with the continuous updating of secondary metal policies and the rapid development of the industry, SMM Information & Technology Co., Ltd. plans to hold the 2025 SMM 2nd Global Secondary Metal Industry Chain Summit Forum in Thailand from June 12-13, 2025, to assist enterprises in navigating the changes in the secondary metal industry, comply with industry standardization requirements, and provide a platform for business exchanges. The summit aims to gather associations, leading enterprises, research institutions, industry experts, and policymakers from the global secondary metal sector to jointly explore new trends, technologies, and policies in the development of the secondary metal industry. It will establish an international platform for exchange, cooperation, resource sharing, and collaborative innovation, contributing to the construction and improvement of the global resource recycling system and the realization of a global green economic transition. At this year's conference, Shandong Xinze Copper Industry Co., Ltd. will make a grand appearance. Along with upstream and downstream colleagues in the secondary metal industry, they will engage in in-depth discussions on the pain points and challenges facing the industry, jointly explore business opportunities for win-win cooperation, and discuss ways to promote high-quality development in the industry. Click on the registration form to register for the conference immediately. The voice of low-carbon development resonates globally. See you in Bangkok! Founded in April 2010, it is located in the northern part of the Coal Chemical Industry Park in Shanxian Economic and Technological Development Zone, with a registered capital of 280 million yuan. In July 2024, Shandong Yuantong Industrial Development Group successfully acquired all the equity of Shandong Xinze Copper Industry Co., Ltd. through the Shandong Provincial Property Rights Exchange Center. Xinze Copper Industry's main business is the R&D, production, and sales of copper semis, the dismantling of used home appliances, electronic products, wires, and cables, and it has a self-operated export business. Its existing projects include a 200,000 mt/year recycled copper recycling project and an 110,000 mt/year low-oxygen copper rod (anode plate, copper busbar) project. Its main products include copper cathode, anode plates, oxygen-free copper rods, low-oxygen copper rods, copper busbars, etc. {{This part is a repetition of the previous English text, which should be omitted in the actual translation. However, for the sake of format consistency, it is presented here as follows:}} Established in April 2010, it is located in the northern part of the Coal Chemical Industry Park in Shanxian Economic and Technological Development Zone, with a registered capital of 280 million yuan. In July 2024, Shandong Yuantong Industrial Development Group successfully acquired all the equity of Shandong Xinze Copper Industry Co., Ltd. through the Shandong Provincial Property Rights Exchange Center. {{This part is a repetition of the previous English text, which should be omitted in the actual translation. However, for the sake of format consistency, it is presented here as follows:}} Xinze Copper Industry's main business is the R&D, production, and sales of copper products, the dismantling of used household appliances and electronic products as well as wires and cables, and it has self-operated import and export business. The current projects include a 200,000-ton annual production capacity of recycled copper recycling project and a 110,000-ton annual production capacity of low-oxygen copper rods (anode plates, copper bars) project. The main products include electrolytic copper, anode plates, oxygen-free copper rods, low-oxygen copper rods, copper bars, etc. Contact Information 0530-7036689 xinzetongye@126.com Northern Part of the Coal Chemical Industry Park, Shanxian Economic and Technological Development Zone Long press to scan the QR code and register immediately 2025 SMM (2nd) Global Recycled Metals Industry Summit