Copper price fluctuations constrain order releases.

SMM Analysis: According to data from the General Administration of Customs, China's copper foil (HS codes: 74101100, 74102190) imports 7,135.43 mt in May 2026, down 6.90% YoY and down 7.20% MoM...

CopperTech Metals has launched plans for a US initial public offering (IPO), seeking to raise approximately US$423.5 million through the sale of 23.5 million shares priced between US$16 and US$18 each. The offering could value the company at up to US$3.57 billion. CopperTech, established by Vedanta Resources, owns and operates Konkola Copper Mines (KCM) in Zambia. The company plans to invest approximately US$2.7 billion over the next five fiscal years to increase copper production at KCM, targeting average annual output of around 270,000 tonnes from fiscal year 2030 onward.

Canadian copper explorer Gladiator Metals has raised more than C$35 million through a private placement led by BlackRock. Following the financing, the company expects its cash position to increase to approximately C$50 million, providing full funding for its 2026–2027 exploration program at its flagship copper project in the Whitehorse Copper Belt of Yukon, Canada. Gladiator plans to expand its drilling fleet from three to six rigs and focus on resource growth at the Cowley Park and Cub East prospects. BlackRock’s participation as a sign of continued institutional interest in high-quality copper exploration assets amid expectations of long-term copper demand growth.