As a major player in copper consumption, the development of the copper rod industry has garnered significant attention. In recent years, copper rod overcapacity has intensified competition among enterprises. Influenced by market environment and supply-demand factors, the pace of copper rod capacity expansion has continued to slow down. This article primarily reviews the capacity expansion and implementation in the copper cathode rod industry for 2024-2025.
According to SMM, in 2024-2025, China's copper rod market is expected to see 2.03 million mt of equipment capacity planned for commissioning. As of H1 this year, 820,000 mt of equipment capacity has already been commissioned, with an additional 1.21 million mt of expansion planned for the future. The overcapacity has been the main reason for the significant slowdown in the expansion of the copper rod industry in recent years. Although there is still 1.21 million mt of capacity expansion planned for the future, most of these are previously delayed projects, and the commissioning timeline remains uncertain. Large-scale production increases and expansions have become a thing of the past, and the pace of copper rod capacity expansion will continue to slow down against the backdrop of overcapacity.
Additionally, several copper rod companies under the Amer International Group have been gradually cleared or transferred. The "Guangxi Yutong New Material Technology Co., Ltd." and "Xinhui (Huizhou) New Material Co., Ltd." listed in the capacity expansion chart of this article were originally copper rod plants under the Amer International Group.
