From H2 2025 to early 2026, the copper industry underwent profound structural shifts. China's smelting capacity continued to be released, reliance on imported raw materials deepened, and the supply of copper concentrates remained persistently tight. Driven by monetary policy changes, geopolitical conflicts, production cuts at mines outside China, and accelerated industry consolidation, copper prices repeatedly hit new highs. The industry shifted from a tight balance to a structural deficit, further strengthening copper's role as a strategic resource.
Hereby, SMM joins hands with Qixian Hongda Refractory Co., Ltd. to cordially invite enterprises across copper mining, copper smelting, and related third-party equipment and consumables sectors to co-produce the . This initiative aims to gather high-quality industry resources and create an authoritative industry platform, helping enterprises enhance their industry influence and jointly promoting quality-driven industry development.
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Qixian Hongda Refractory Co., Ltd. was established in 2014 in Jialing Town, Qixian County, Shanxi Province. The company integrates R&D, production, sales, and construction. Its main products include furnace linings for ferrous/non-ferrous metal smelting, various castables, ramming materials (AH1 copper furnace dry ramming material, A18 copper alloy dry ramming material), and thermal insulation and anti-seepage refractories. It operates its own raw material production line and a professional construction team. Its products are supplied to the national metallurgical and foundry industry. Adhering to the Jin merchant tradition of integrity, the company develops proprietary processes adapted to high-temperature working conditions and maintains long-term collaborations with enterprises such as Ningbo Jintian Copper, Wuhan Heavy Industry, and North Copper.



SMM Co-production Contact
![SHFE/LME Price Ratio and Weak Downstream Demand Prompt Market Offer Pullback [SMM Yangshan Copper Spot]](https://imgqn.smm.cn/usercenter/BdFZr20251217171712.jpg)
![Procurement sentiment continues to decline, with weak demand dragging down spot premiums [SMM North China spot copper]](https://imgqn.smm.cn/usercenter/AhHUS20251217171713.jpg)

