Monthly Copper Market Report May 2025

Contents
1. Market Highlights 2
2. Economy and Policy 2
2.1 Economy and Policy 2
2.1.1 China adjusts tariffs on US imports 2
3. Market Movements 2
3.1 Chinese Market 2
3.1.1 Copper concentrate 25%min TC CIF China 2
3.1.2 Chinese copper concentrate 20%min price delivered 2
3.1.Asian Metal Copyright4 Chinese copper rod Ф8mm TC EXW 2 3.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 2
3.1.4 Chinese copper rod Ф8mm TC EXW 2
3.1.Asian Metal Copyright1 Copper concentrate 25%min TC CIF China 2 3.Asian Metal Copyright5 Chinese blister copper 98.5%min TC delivered 3
3.1.6 Chinese copper scrap wire 99%min price delivered 3
4. Company News 3
4.1 New World Resources announces 25% increase in the Antler Mineral Resource to 14.2Mt 3
4.2 Atico Produces 2.23 Million Pounds of Cu and 1,553 Ounces of Au in First Quarter 2025 3
4.3 JCHX Mining to invest in copper-gold-silver mine project in Colombia 3
4.4 Guangxi Fozi Mining invites bids to sell copper concentrate 4
4.5 Sichuan Shenglin New Material decreases copper rod output 4
4.6 Fujian Shanghang Sun Copper reduces copper rod output 4
5. Producers Statistics 4
5.1 Chinese refined copper producers 4
5.1.Asian Metal Copyright Market Highlights 2 2.Asian Metal Copyright1 Chinese refined copper producers' operating rate up by 0.53% MoM in May 4
5.1.Asian Metal Copyright55% MoM in May 6 6.Asian Metal Copyright2 Chinese refined copper producers' output up by 0.53% MoM in May 4
5.1.Asian Metal Copyright Market Movements 2 3.Asian Metal Copyright3 Chinese refined copper producers' inventory down by 5.18% MoM in May 5
5.2 Chinese copper rod producers 5
5.2.Asian Metal Copyright2.Asian Metal Copyright1 Chinese copper rod producers' operating rate down by 4.44% in May MoM 5
5.2.Asian Metal Copyright1 Chinese copper rod producers' operating rate down by 4.Asian Metal Copyright2 Chinese copper rod producers' output down by 5.84% MoM in May 5
5.2.Asian Metal Copyright3 Chinese copper cathode 99.Asian Metal Copyright3 Chinese copper rod producers' inventory up by 14.55% MoM in May 6
6. Import Statistics 6
6.1 China's copper cathode (Cu≥99.Asian Metal Copyright23 Million Pounds of Cu and 1,553 Ounces of Au in First Quarter 2025 3 4.Asian Metal Copyright9935%) import volume decreased 13.87% MoM in Apr 2025 6
6.2 China's copper rod import volume increased 14.08% MoM in Apr 2025 7
6.3 China's copper concentrate import volume grew 24.55% YoY in Apr 2025 7
7. Export Statistics 8
7.1 China's copper cathode (Cu≥99.Asian Metal Copyright2.Asian Metal Copyright9935%) export volume rose 215.02% YoY in Apr 2025 8
7.2 China's other copper alloys export volume increased 231.58% YoY in Apr 2025 8




.Asian Metal Copyright1 Chinese copper rod producers' operating rate down by 4Asian Metal Copyright