Monthly Copper Market Report Dec 2025

Contents
1 Market Highlights 2
2 Policy Briefs 2
2.1 China's copper cathode output up 9.7% in Jan-Oct 2
2.2 Alara's Al Wash-hi Majaza project dispatches 30th parcels of copper concentrate 2
2.3 China's copper cathode output up 11.9% YoY in Nov 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 Copyright1 China's copper cathode Cu99.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 2
3.1.4 Chinese copper rod Ф8mm TC EXW 3
3.1.Asian Metal Copyright2.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 Fujian Shanghang Sun Copper enhances copper rod production 3
4.2 Tongling Nonferrous Metal Group reduces copper rod production 3
4.3 Tianjin Dawufeng Copper Product raises copper rod output 3
4.4 Yulong Copper completes major ore-processing upgrade 3
4.5 Zhangjiagang United Copper enhances copper cathode output 4
4.6 Qingyuan Xinghai Copper cuts copper rod output 4
4.7 Ganzhou Jiang Tungsten New alloy Material cuts copper rod production 4
4.8 Daye Nonferrous Metals reduces copper cathode production 4
4.9 Jiangnan New Materials to invest in high-end copper-based materials project 4
4.10 Henan Xinchang Copper reduces copper rod output 4
4.11 Qingyuan Xinghai Copper cuts copper rod output 4
5 Producers Statistics 4
5.1 Chinese refined copper producers 4
5.1.Asian Metal Copyright6 Qingyuan Xinghai Copper cuts copper rod output 4 4.Asian Metal Copyright1 Chinese refined copper producers' operating rate up by 2.41% MoM in Dec 4
5.1.Asian Metal Copyright1.Asian Metal Copyright2 Chinese refined copper producers' output up by 0.99% MoM in Dec 5
5.1.Asian Metal Copyright2 China's bronze import volume increased 230.Asian Metal Copyright3 Chinese refined copper producers' inventory up by 8.15% MoM in Dec 5
5.2 Chinese copper rod producers 5
5.2.Asian Metal Copyright15% MoM in Dec 5 5.Asian Metal Copyright1 Chinese copper rod producers' operating rate down by 6.93% in Dec MoM 5
5.2.Asian Metal Copyright2 Chinese copper concentrate 20%min price delivered 2 3.Asian Metal Copyright2 Chinese copper rod producers' output down by 6.93% MoM in Dec 6
5.2.Asian Metal Copyright1.Asian Metal Copyright3 Chinese copper rod producers' inventory up by 82.67% MoM in Dec 6
6 Import Statistics 6
6.1 China's copper cathode (Cu<99.Asian Metal Copyright2 Chinese copper rod producers' output down by 6.Asian Metal Copyright9935%) import volume decreased 39.88% MoM in Nov 2025 6
6.2 China's bronze import volume increased 230.77% YoY in Nov 2025 7
7 Export Statistics 7
7.1 China's copper rod export volume rose 113.19% YoY in Nov 2025 8


.Asian Metal Copyright2 Tongling Nonferrous Metal Group reduces copper rod production 3 4Asian Metal Copyright