Monthly Copper Market Report Apr 2025

Contents
1. Market Highlights 2
2. Economy and Policy 2
2.1 Economy and Policy 2
2.1.1 China recycles over 400 million tonnes of recyclable resources in 2024 2
2.1.2 Ero Copper Reports First Quarter 2025 Operating and Financial Results 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 Copyright47% MoM in Apr 5 5.Asian Metal Copyright3 Chinese copper cathode 99.99%min price delivered 3
3.1.4 Chinese copper rod Ф8mm TC EXW 3
3.1.Asian Metal Copyright99%min price delivered 3 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 Endeavour Silver Announces Expansion into Peru with Acquisition of Minera Kolpa, Copper Stream and Bought Deal Financing 3
4.2 Alara Resources dispatches 14th copper concentrate shipment from Omani project 4
4.3 Sierra Metals reports first quarter 2025 production results 4
4.4 Antofagasta releases production report for Q1 2025 4
4.5 Teck reports unaudited first quarter results for 2025 4
4.6 Ganzhou Yihao sees higher annual copper foil production and sales 4
4.7 Yimen Copper produces first furnace of anode copper 4
5. Producers Statistics 4
5.1 Chinese refined copper producers 5
5.1.Asian Metal Copyright1 Chinese copper rod producers' operating rate up by 7.Asian Metal Copyright1 Chinese refined copper producers' operating rate up by 0.48% MoM in Apr 5
5.1.Asian Metal Copyright3 China's copper scrap import volume declined 13.Asian Metal Copyright2 Chinese refined copper producers' output up by 0.47% MoM in Apr 5
5.1.Asian Metal Copyright07% YoY in Mar 2025 8 7.Asian Metal Copyright3 Chinese refined copper producers' inventory down by 1.02% MoM in Apr 5
5.2 Chinese copper rod producers 6
5.2.Asian Metal Copyright2 Ero Copper Reports First Quarter 2025 Operating and Financial Results 2 3.Asian Metal Copyright1 Chinese copper rod producers' operating rate up by 7.51% in Apr MoM 6
5.2.Asian Metal Copyright6% MoM in Apr 6 6.Asian Metal Copyright2 Chinese copper rod producers' output up by 7.51% MoM in Apr 6
5.2.Asian Metal Copyright3 China's copper scrap import volume declined 13.Asian Metal Copyright3 Chinese copper rod producers' inventory up by 16.6% MoM in Apr 6
6. Import Statistics 7
6.1 China's copper cathode (Cu<99.Asian Metal Copyright1.Asian Metal Copyright9935%) import volume rose 41.21% MoM in Mar 2025 7
6.2 China's copper rod import volume increased 31.89% YoY in Mar 2025 7
6.3 China's copper scrap import volume declined 13.07% YoY in Mar 2025 8
7. Export Statistics 8
7.1 China's copper cathode (Cu≥99.Asian Metal Copyright2 Ero Copper Reports First Quarter 2025 Operating and Financial Results 2 3.Asian Metal Copyright9935%) export volume increased 189.82% YoY in Mar 2025 8
7.2 China's copper rod export volume rose 98.92% MoM in Mar 2025 9


.Asian Metal Copyright7 Yimen Copper produces first furnace of anode copper 4 5Asian Metal Copyright