上市企业：江西铜业（600362）,云南铜业（000878）,紫金矿业（601899）,铜陵有色（000630）,西部矿 业（601168）,白银有色（601212）,楚江新材（002171）,海亮股份（002203）,鑫科材料（600255）,锡 业股份（000960） 相关报告：智研咨询发布的《2025-2031年中国电解铜箔行业市场现状分析及投资前景评估报告》 根据国家统计局数据显示：2025年7月中国精炼铜(电解铜)产量为127万吨，同比增长14%；2025年1-7月 中国精炼铜(电解铜)累计产量为862.3万吨，累计增长9.9%。 2020-2025年1-7月中国精炼铜(电解铜)产量统计图 数据来源：国家统计局，智研咨询整理 知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 ...

知前沿，问智研。智研咨询是中国一流产业咨询机构，十数年持续深耕产业研究领域，提供深度产业研 究报告、商业计划书、可行性研究报告及定制服务等一站式产业咨询服务。专业的角度、品质化的服 务、敏锐的市场洞察力，专注于提供完善的产业解决方案，为您的投资决策赋能。 根据国家统计局数据显示：2025年5月中国精炼铜(电解铜)产量为125万吨，同比增长13.6%；2025年1-5 月中国精炼铜(电解铜)累计产量为605.3万吨，累计增长8%。 2020-2025年1-5月中国精炼铜(电解铜)产量统计图 数据来源：国家统计局，智研咨询整理 上市企业：江西铜业（600362）,云南铜业（000878）,紫金矿业（601899）,铜陵有色（000630）,西部矿 业（601168）,白银有色（601212）,楚江新材（002171）,海亮股份（002203）,鑫科材料（600255）,锡 业股份（000960） 相关报告：智研咨询发布的《2025-2031年中国电解铜箔行业市场现状分析及投资前景评估报告》 ...

Group 1 - LME copper futures prices showed slight fluctuations, opening at $9,985 per ton and currently at $9,991 per ton, with a gain of 0.17% [1] - On September 17, LME copper futures closed at $9,974 per ton, down 1.41% from the previous day, with a trading range between $9,925 and $10,134 per ton [2] - LME registered copper warrants totaled 135,325 tons, with cancellations of 14,450 tons, resulting in a net decrease of 1,350 tons; total copper inventory decreased by 1,175 tons to 149,775 tons [2] Group 2 - In August 2025, China's copper material production reached 222.2 million tons, marking a year-on-year increase of 9.8%; cumulative production from January to August was 16.598 million tons, up 10.7% [2] - Refined copper production in August was 130.1 million tons, reflecting a year-on-year growth of 14.8%; cumulative production for the first eight months was 9.891 million tons, an increase of 10.1% [2] - As of September 17, the Shanghai Futures Exchange reported copper warrants at 33,291 tons, a decrease of 401 tons compared to the previous trading day [3]

Group 1 - The core viewpoint of the article indicates that China's refined copper production in August 2025 reached 1.301 million tons, representing a year-on-year increase of 14.8% [1] - In August, only three smelters underwent maintenance, while two new smelters in East China continued to ramp up production, contributing to a slight month-on-month increase in refined copper output [1] - The high sulfuric acid prices in August helped offset smelting losses, and the processing fees for copper concentrate showed a trend of rising and then falling, which also supported the production levels [1] Group 2 - In September, five smelters are scheduled for maintenance, affecting a total of 1 million tons of crude smelting capacity, leading to an expected production decrease of 14,000 tons compared to August [1] - Apart from routine maintenance, a significant reduction in production is anticipated due to tight supply of anode copper, which is expected to impact 60% of the surveyed sample, resulting in a substantial decline in September output [1]

Core Insights - China's refined copper (electrolytic copper) production in August 2025 reached 1.301 million tons, marking a year-on-year increase of 14.8% [1] - Cumulative production from January to August 2025 totaled 9.891 million tons, reflecting a year-on-year growth of 10.1% [1] Production Data Summary - Total production of ten non-ferrous metals in August was 6.978 million tons, with a cumulative total of 54.317 million tons, showing a year-on-year increase of 3.8% for the month and 3.1% cumulatively [2] - Refined copper (electrolytic copper) production for August was 1.301 million tons, with a cumulative total of 9.891 million tons, indicating a year-on-year increase of 14.8% for the month and 10.1% cumulatively [2] - Lead production in August was 667,000 tons, with a cumulative total of 5.116 million tons, reflecting a year-on-year increase of 3.7% for the month and 0.9% cumulatively [2] - Zinc production in August was 651,000 tons, with a cumulative total of 4.836 million tons, showing a significant year-on-year increase of 22.8% for the month and 5.4% cumulatively [2] - Primary aluminum (electrolytic aluminum) production in August was 3.800 million tons, with a cumulative total of 30.138 million tons, indicating a slight decrease of 0.5% for the month but a 2.2% increase cumulatively [2] - Aluminum alloy production in August was 1.635 million tons, with a cumulative total of 12.324 million tons, reflecting a year-on-year increase of 15.2% for the month and 15.3% cumulatively [2] - Copper products production in August was 2.222 million tons, with a cumulative total of 16.598 million tons, indicating a year-on-year increase of 9.8% for the month and 10.7% cumulatively [2] - Aluminum products production in August was 5.548 million tons, with a cumulative total of 43.790 million tons, showing a year-on-year decrease of 4.2% for the month and no change cumulatively [2]

Group 1 - In August 2025, China's copper material production reached 2.222 million tons, representing a year-on-year increase of 9.8% [1] - From January to August 2025, the cumulative production of copper materials was 16.598 million tons, with a year-on-year growth of 10.7% [1] - The refined copper (electrolytic copper) production in August 2025 was 1.301 million tons, showing a year-on-year increase of 14.8% [1] Group 2 - The cumulative refined copper production from January to August 2025 totaled 9.891 million tons, reflecting a year-on-year increase of 10.1% [1]

Group 1 - The core viewpoint of the news highlights the growth in China's refined copper (electrolytic copper) production, with a projected output of 1.3 million tons by June 2025, representing a year-on-year increase of 14.2% [1] - In the first half of 2025, China's cumulative production of refined copper reached 7.363 million tons, showing a cumulative growth of 9.5% [1] - The report by Zhiyan Consulting provides an analysis of the market status and investment prospects for the electrolytic copper foil industry in China from 2025 to 2031 [1] Group 2 - Listed companies in the copper industry include Jiangxi Copper, Yunnan Copper, Zijin Mining, Tongling Nonferrous Metals, Western Mining, Silver Industry, Chuangjiang New Material, Hailiang Co., Xin Ke Materials, and Xiyang Co [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports, business plans, feasibility studies, and customized services [2]

Group 1 - The core viewpoint of the report indicates that China's refined copper (electrolytic copper) production in July 2025 reached 1.27 million tons, representing a year-on-year increase of 14% [1] - Newly commissioned smelters are rapidly increasing their capacity utilization, while previously underperforming smelters are resuming production; however, some smelters are experiencing slight reductions in output due to tightening supply of raw materials [1] - In August, only one smelter had maintenance plans, and the reduction in output due to maintenance was minimal; however, the number of smelters reducing production due to tight supply of copper concentrate and raw materials increased compared to July [1] Group 2 - The end of maintenance and the ongoing ramp-up of newly commissioned smelters in East China are expected to stimulate production [1]

Group 1 - The core viewpoint of the article highlights that China's refined copper (electrolytic copper) production is projected to reach 1.27 million tons in July 2025, representing a year-on-year increase of 14% [1] - Cumulative production from January to July 2025 is reported at 8.623 million tons, showing a year-on-year growth of 9.9% [1] Group 2 - The data on metal production is sourced from the National Bureau of Statistics [1]

Group 1 - The exclusion of refined copper from the tariff plan led to a significant drop in copper prices, with New York copper prices falling approximately 20% in a matter of minutes, marking the largest single-day decline in history [1] - Freeport-McMoRan Inc. saw its stock price drop by about 10%, while Southern Copper's stock fell over 6%, indicating a weakening of the premium on U.S. copper prices [3] - The decision to exclude refined copper is seen as a positive development for companies like Codelco, which exports refined copper to the U.S., as stated by Codelco's chairman [3] Group 2 - Starting August 1, a 50% tariff will be imposed on various imported copper products, including semi-finished copper products and copper-intensive derivatives, while raw copper materials and scrap copper will not be subject to these tariffs [4] - The new tariffs are part of a broader strategy by the Trump administration to boost domestic industries and address trade imbalances, following previous tariffs on steel and aluminum [4] - The U.S. currently relies on imports for about half of its copper, with a significant portion coming from Chile, highlighting the importance of global trade flows for this metal [7] Group 3 - The decision to differentiate between refined copper and semi-finished copper in the tariff policy was influenced by lobbying from the copper industry, as there is a belief that the U.S. lacks sufficient capacity to immediately replace all copper imports [6] - The exclusion of refined copper from tariffs is expected to disrupt global copper trade flows, as recent shipments to the U.S. may be redirected for re-export [5]