Zhongtiaoshan Group Invites You to the CCIE 2025SMM (20th) Copper Industry Conference

In the upcoming 2025, we foresee that the global economy will face a series of complex and variable challenges. With the US election settled, the uncertainty of global trade policies will further increase, bringing new issues to international trade cooperation. In the geopolitical domain, ongoing conflicts and tensions show no significant signs of easing, posing not only a threat to global security but also having a significant impact on resource allocation and industrial layout. Against this macro backdrop, industrial relocation and supply chain restructuring have become key topics that we must closely monitor. At the industry level, the protectionist trend in mineral resources is on the rise, directly affecting the stability of global copper concentrate TCs. As global primary smelting capacity rapidly expands, the profit margins of copper smelters are being further squeezed, with the industry facing increasingly severe challenges. In the field of secondary copper raw materials, the advancement of environmental, social, and governance (ESG) standards and "dual carbon" goals has significantly increased market attention on secondary copper. However, the "reverse invoicing" policy and the Fair Competition Regulations implemented in 2024 have had a profound impact on the secondary copper industry. Looking ahead to 2025, 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 there will be a more pronounced differentiation in the procurement ratio of copper processing materials between traders and smelters. Against this backdrop, SMM's carefully prepared "CCIE 2025SMM (20th) Copper Industry Conference and Expo" will be grandly held in Nanchang, Jiangxi from April 22-25, 2025. Zhongtiaoshan Nonferrous Metals Group Co., Ltd. will attend the conference in full regalia. We will keep pace with the times, aim at our goals, and forge ahead with courage! Click on the registration form to sign up immediately; we look forward to meeting you at the conference. Booth number: B4 Meet at Zhongtiaoshan, united for the future. Zhongtiaoshan Nonferrous Metals Group Co., Ltd. (referred to as Zhongtiaoshan Group), established in 1956, was a key project of China's First Five-Year Plan. It is the largest integrated copper enterprise in North China, focusing on copper while engaging in multiple industries, including geological exploration, mining and smelting, deep processing, machinery manufacturing, construction materials, international trade, scientific research and design, and comprehensive utilization of tailings. The company has successively undertaken key national (copper industry) scientific research projects during the Sixth, Seventh, Ninth, and Tenth Five-Year Plans, serving as an important incubator, practice ground, and source of technology for the development of China's copper industry. Its largest holding subsidiary, North Copper Co., Ltd. (referred to as North Copper, stock code 000737), successfully listed on the Shenzhen Stock Exchange in December 2021. In 2023, it was elected as the leading enterprise of the "Copper-based New Materials" key industrial chain in Shanxi Province, shouldering the significant mission of "leading and promoting the high-quality development of Shanxi's copper industry." As one of China's major copper production bases, Zhongtiaoshan Group currently has total assets of 18.7 billion yuan, owner's equity of 5.7 billion yuan, and a debt ratio of 69.48%. It has 46 subsidiaries and branches, including 24 subsidiaries and 22 branches, with over 11,300 employees. The main products and capacities include 10.5 million mt of mining, 11.5 million mt of ore dressing, 55,000 mt of copper in copper concentrates, 350,000 mt of copper cathode, 30,000 mt of high-performance rolled copper strip, 5,000 mt of high-precision rolled copper foil, 15 tons of gold ingots, 275 tons of silver ingots, 1.5 million mt of cement, and 20,000 mt of wear-resistant materials. It also comprehensively recovers valuable metal elements such as platinum, palladium, selenium, tellurium, bismuth, rhodium, and iridium. In 2024, the revenue was 30.122 billion yuan, with a profit of 450 million yuan. The mining and ore dressing capacity ranks seventh in China's copper industry, and the smelting capacity ranks eighth. Contact Information External Contact: Yang Xiaobin 13834725126 Copper Foil Contact: Wu Ting 18639888095 Smelting Contact: Jing Jufeng 13513579382 SMM Conference Contact Li Chongshan 17349754665 lichongshan@smm.cn

SMM

Zhongtiaoshan Group Invites You to the CCIE 2025SMM (20th) Copper Industry Conference

US Dollar Declines, Metals Generally Rise, Alumina Up for Two Consecutive Days, Ferrous Metals Series Fluctuate Upward with Gains Exceeding 1% [SMM Daily Review]

Sentiment of Waiting and Watching in the Rare Earth Market Remains Unchanged, Corporate Purchasing Enthusiasm Low [SMM Rare Earth Daily Review]