Hot News

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  Operating Rate of Copper Wire and Cable Enterprises Falls More Than Expected This Week, Copper Prices Rise to Curb Growth of New Orders [SMM Weekly Review of Wire and Cable Market]

• Q1 Production of Top 15 Miners Released, Copper Concentrates Supply Not Looking Optimistic [SMM Analysis]

  [SMM Analysis: Q1 Production of Top 15 Miners Released, Copper Concentrates Supply Not Looking Optimistic] The copper production of the top 15 miners in Q1 2025 has been released. According to SMM statistics, the Q1 copper production of the top 15 miners was 2,967 kt (metal content), down 0.8% YoY and 12.8% QoQ. However, based on the Q1 production data, the raw material supply this year does not seem optimistic.

• Continuous Losses in Secondary Copper Rod Sales: Companies May Switch to Producing Copper Anode {{SMM Secondary Copper Daily Review}}

• The off-season for demand has arrived, and the price of ADC12 is fluctuating downward. [Weekly Review of Secondary Aluminum Market]

  [Weekly Review of Secondary Aluminum Market]The aluminum scrap market showed a divergent adjustment trend after the Labour Day holiday. As of May 8, SMM A00 primary aluminum spot closed at 19,620 yuan/mt, down a cumulative 440 yuan/mt from the level before the holiday (April 30). Aluminum scrap prices generally followed the downward trend of primary aluminum, but significant differences were observed across product types and regions.

• Operating rates of sampled silicon enterprises in silicon metal sector decline in north China but increase in south China [SMM Weekly Silicon Metal Survey]

  【Operating Rates of Silicon Metal Sample Enterprises Decline in North China, Rise in South China】The weekly production of silicon metal sample enterprises in Sichuan was 965 mt, with a weekly operating rate of 15%, increasing WoW. This was mainly driven by the production release following the resumption of production by a small number of silicon enterprises in Sichuan at the end of April and May. Currently, the number of operating furnaces in the entire Sichuan region has increased to over 20 (with a total of over 130 furnaces). The enterprises that have resumed production are mainly those supporting silicone or polysilicon production.