First Quantum Copper Output to Add 10,000-tpy after Commissioning at Cobre Panama Copper Mine

Copper is an irreplaceable material for power generation and has become a strategic resource in the AI era. A critical period is now approaching: the US Department of Commerce must submit a latest copper market assessment report by June 30, recommending whether the US should impose import tariffs on copper cathode.

The current surge in shipping prices is mainly driven by rising shipping costs due to Middle East geopolitical disruptions, sustained restocking demand fueled by finer global division of labor and geopolitical risk aversion, and the concentrated release of stockpiling demand outside China, as Europe and the US kick off their H2 stock-up-in-advance cycle for the peak consumption season. The sharp increase in cargo volume has rapidly tightened the supply-demand balance for shipping capacity. However, the trend of shipping prices in H2 remains unclear.

Victory Precision stated on its interactive platform on June 5 that at the current stage, the company has three magnetron sputtering systems and three electroplating lines, with a new electroplating line being installed and commissioned. The composite copper foil project is still in the stages of process optimization, sample testing, and mass production preparation. The company has achieved small-batch supply earlier but has not yet secured large-volume orders. The company will advance its investment based on its own project progress, actual market demand, and the overall progress of the industry.