Smelters completed stockpiling before the Chinese New Year, with copper anode inventory at high levels

Published: Feb 5, 2026 16:51

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[SMM Copper Anode] As the Chinese New Year approaches, smelters have largely completed their raw material stocking for copper anode. SMM data showed that the days of inventories for copper anode at smelters reached 8.25 days in January 2026, up 1.45 days MoM, higher than the conventional inventory level.

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