The operating rate of scrap-derived copper anode in China is expected to decline significantly in February 2026

Published: Feb 5, 2026 15:32

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[SMM Copper Anode] SMM forecasts that the overall operating rate of Chinese copper anode enterprises in February 2026 will drop by 19.44 percentage points MoM to 40.15%. Among them, the operating rate of ore-derived copper anode producers is expected to decrease by 0.87 percentage points MoM to 72.37%; while scrap-derived copper anode producers, due to most taking about two weeks off, are projected to see their operating rate fall sharply by 28.1 percentage points MoM to 25.12%. (Refers only to the portion of copper anode not for self-use.)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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