SMM June 18 News: According to official information from Jinchuan Group Copper Precious Metals Co., Ltd., the company publicly sold approximately 28-36 metric tons (metal content) of crude selenium produced in June 2025. The entire batch was ultimately sold at a price exceeding 107,000 yuan per metric ton (tax-inclusive). Currently, the official party has not disclosed the buyer's information.

SMM June 18 News: According to the official announcement from Jinchuan Group Tonggui Co., Ltd., the company has publicly sold its crude selenium with a metal content of approximately 28-36 mt produced in June 2025. All the crude selenium was sold at a price higher than 107,000 yuan/mt (tax included). Currently, the official has not disclosed the information of the buyer.

SMM June 16 News: According to an official announcement from Jinchuan Group Copper and Precious Metals Co., Ltd., the company is publicly offering crude selenium produced in June 2025 for external sales, with an estimated quantity of 28–36 metric tons (metal content) (final volume subject to the seller’s actual supply). Product Specifications: Typical chemical composition: Se ≥ 90% Packaging: Ton bags Product standard: Complies with Q/YSJC-CP53-2016 Bidding & Transaction Details: Inquiry & quotation submission: Jinchuan Group Copper and Precious Metals Co., Ltd. Contracting party: Jinchuan Group Copper and Precious Metals Co., Ltd. Starting bid price: ¥98,500/ton (tax-inclusive) for Se metal content Weight measurement: Conducted by the seller; final settlement based on seller’s inspection results. Sampling & analysis: Performed by the seller at the Copper and Precious Metals plant. Sampling plan and testing conducted by the seller’s quality control center. Delivery location: Jinchuan Group Copper and Precious Metals Co., Ltd. plant. Deadline for Quotation Submission: Before 11:30 AM (Beijing Time) on June 17, 2025.

SMM News on June 16: According to the official announcement from Jinchuan Group Tonggui Co., Ltd., the company recently launched an open sale of crude selenium produced in June 2025, with an approximate metal content of 28-36 mt, subject to the actual supply quantity by the seller. Typical chemical composition of the product: Se≥90%, packed in one-ton bags, and the product standard conforms to Q/YSJC-CP53-2016. The entity responsible for inquiries and receiving quotations for the crude selenium is Jinchuan Group Tonggui Co., Ltd., which is also the contracting party. The starting bid price for the Se metal content in the crude selenium must be greater than 98,500 yuan/mt (tax included). The weight inspection will be conducted and detected by the seller, and the results will serve as the final basis for settlement. Sampling, preparation, and analysis will be carried out by the seller. The sampling location is within the Tonggui Company's plant, and the seller's testing center will formulate the sampling plan and conduct the sampling, preparation, and analysis work. The delivery location is within the plant of Jinchuan Group Tonggui Co., Ltd. The deadline for submitting the quotation response letter is before 11:30 a.m. on June 17, 2025.

On June 13, at the 2025 SMM (13th) Minor Metal Industry Conference - Rare and Scattered Metals Forum (Indium, Germanium, Gallium, Bismuth, Selenium, Tellurium), hosted by Shandong Humon Smelting Co., Ltd. and SMM Information & Technology Co., Ltd., Long Wensheng, General Manager of Changsha Aochang Nonferrous Metals Co., Ltd., elaborated on "The Current Application Status and Future Prospects of Minor Metal Selenium.

On June 10, Jinchuan Group International Resources Co. Ltd.'s mining business in Q1 2025 produced 13,900 mt of copper in the first quarter, a 6.8% increase from the 13,000 mt produced in the same period of 2024.

SMM Information & Technology Co., Ltd. (SMM) has been deeply involved in the non-ferrous metals industry for 26 years. SMM spot prices have been recognized by 400,000 enterprises across the entire manufacturing industry chain, spanning from mines, smelting, trading, processing, to end-users, and are used as transaction settlement prices. As an independent third-party pricing platform in the non-ferrous metals industry, SMM adheres to the principles of "fairness, impartiality, and openness." The Shanghai Non-ferrous Metals Spot Price (SMM Price) reported each trading day is highly and widely recognized within the industry. For many years, the SMM Price has been a crucial indicator directly used or referenced for transaction settlements in the industry. To better serve the silver industry and extend SMM's pricing and data services to various fields and upstream and downstream sectors of the industry chain, while also staying abreast of the latest industry developments, SMM regularly announces, approves, and removes price submitters, and holds plaque awarding ceremonies for them. On May 15, at the 2025 SMM (6th) Silver Industry Chain Innovation Conference hosted by SMM Information & Technology Co., Ltd. (SMM), SMM held a grand plaque awarding ceremony for the Yinbiao Zhuxin · 2025 SMM 1# Silver Price Submitters ! The Chihong Industrial Development (Shanghai) Co., Ltd. Guangzhou Nansha District Zhongjin Lingnan International Trade Co., Ltd. Jinchuan Group Trading Co., Ltd. Minshan Huanneng High-Tech Co., Ltd. Ningbo Haoshun Precious Metals Co., Ltd. Ningbo Kaitong International Trade Co., Ltd. Shanghai Jijin International Trade Co., Ltd. Shanghai Eagle Metal Materials Co., Ltd. Shanghai Jiushi Metal Materials Co., Ltd. Shanghai Yuhong Industrial Co., Ltd. Shanghai Zhaojin Hongcheng International Trade Co., Ltd. Yanggu Xiangguang Copper Co., Ltd. Grand Hope Water Resources Co., Ltd. (The above companies are listed in no particular order) were awarded by Liu Xiaolei, Director of SMM Big Data, at the ceremony~ SMM would like to express its gratitude to the above companies for their support and assistance, and also welcomes more enterprises to participate and contribute to the healthy development of the silver industry chain~ 》Click to view the special report on the 2025 SMM (6th) Silver Industry Chain Innovation Conference

》Check SMM metal quotes, data, and market analysis 》Subscribe to view historical price trends of SMM metal spot cargo On May 14, 2025: As of April 30, 2025, all companies have disclosed their 2024 annual reports. According to SMM statistics, a total of 19 publicly listed firms operate copper smelters. These 19 publicly listed firms are: Tongling Nonferrous Metals Group (000630), Jiangxi Copper Corporation (600362), Jinchuan Group International Resources Co., Ltd. (02362.hk), Daye Nonferrous Metals Group (00661.hk), Yunnan Copper (000878), Zijin Mining (601899), Yuguang Gold and Lead Group (600531), Western Mining Co., Ltd. (601168), Yunnan Tin Co., Ltd. (000960), Shandong Humon Smelting (002237), Zhongjin Gold (600489), Baiyin Nonferrous Group Co., Ltd. (601212), Ningbo Jintian Copper (601609), Huludao Zinc Industry Co., Ltd. (000751), North Copper (000737), Zhejiang Chifoo Holding Group Co., Ltd. (002266), Guangdong Feinan Resources Co., Ltd. (301500), Beijing GEEN Environment Engineering Co., Ltd. (603588), and Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd. (000060). 2024 Production and 2025 Production Plans for Copper Cathode at Each Smelter According to annual report disclosures and SMM's understanding, the total copper cathode production of the aforementioned 19 copper smelters in 2024 was 10.5558 million mt, with an increase of 642,000 mt, up 6.5% YoY. Data from the National Bureau of Statistics (NBS) shows that the national production in 2024 was 13.644 million mt, with these 19 enterprises accounting for 77.37% of China's total copper cathode production. This figure increased by 1.04% compared to the same period last year. We expect that with the release of new capacity, industry concentration will increase again in the future. Regarding the specific situations of each smelter: Only 4 out of the 19 smelters experienced production cuts. Among them, Yunnan Copper had the largest decline, with a significant drop in production due to the relocation of its headquarters smelter. The largest increase was seen at Jiangxi Copper, with an annual copper cathode production of 2.2919 million mt, up 194,600 mt or 9.3% YoY in 2024, continuing to lead the copper industry. This was followed by North Copper, with a production increase of 178,800 mt compared to 2023, reaching 31.32 mt. Then came Jinchuan Group, with a production of 1.3272 million mt, an increase of 158,100 mt compared to 2023. In addition, based on their 2025 production plans, the total production in 2025 is expected to be 11.4028 million mt, an increase of 847,000 mt or 8%. According to SMM statistics, the new production from domestic smelters from January to May 2025 has already reached 536,400 mt, and it is highly probable that the annual increase of 847,000 mt will be achieved. In 2025, two smelters are expected to increase their production by more than 200,000 mt. Among them, the largest increase is expected to be from Yunnan Copper, with an increase of 254,000 mt, mainly due to the resumption of production after the relocation of the smelter and the commissioning of new smelters. Next is Jinchuan Group, which is expected to increase its production by 252,800 mt, thanks to the commissioning of a new smelter. In addition, due to the tight supply of copper concentrates, six smelters are expected to implement production cuts in 2025, two more than last year. Overall, although copper concentrate TCs hit a record low this year, it has not hindered the expansion pace of copper smelters.

【Copper Mining Stocks Strengthen as Jinchuan International Surges Over 7%; Industry Insiders Predict Copper Prices to Exceed $12,000】①Why is the tariff policy of the Trump administration expected to cause significant fluctuations in global copper prices? ②How does AI computing infrastructure drive the growth in copper demand? (Cailian Press)

[Layout of Metal New Materials Industry Lanzhou LS Heavy Equipment to Jointly Build 10,000 mt Nickel-Based Alloy Project with Jinchuan Group] Lanzhou LS Heavy Equipment, LS Group, and its subsidiary Lanzhou LS Superalloy New Materials Co., Ltd. will jointly invest 270 million yuan with Jinchuan Group Nickel Alloy Co., Ltd. to establish Lanzhou Jinchuan Nickel Alloy Co., Ltd. in the Lanzhou New Area, and construct an advanced material production line for high-end equipment with an annual output of 10,000 mt of nickel-based alloys. The total investment in the project is expected to be 400 million yuan, focusing on products such as high-temperature corrosion-resistant alloys, refined nickel, and Monel alloys, targeting high-growth sectors including aerospace, national defense, nuclear power, and ultra-supercritical materials. After reaching full production, the project is expected to generate an annual revenue of 1.6 billion yuan, with a post-tax financial internal rate of return of 10.52%, demonstrating good economic benefits.