Copper price fluctuations constrain order releases.

The CPCA branch released weekly data. From June 1 to 14, retail sales in the national new energy passenger vehicle market reached 341,000 units, down 8% YoY and up 5% MoM; year-to-date retail sales reached 4.039 million units, down 15% YoY. Over the same period, retail sales in the national passenger vehicle market reached 534,000 units, down 18% YoY and down 5% MoM; year-to-date retail sales reached 7.633 million units, down 19% YoY.

During the week of June 12-18, the operating rate of enamelled wire industry machines rebounded WoW...

According to market sources, Chilean miner Antofagasta has recently proposed to several major Chinese copper smelters that mid-year copper concentrate contracts be priced using spot-market TC/RC indexes rather than the traditional fixed benchmark TC/RC structure. Since the 1980s, annual benchmark treatment and refining charges (TC/RCs) have been established through negotiations between leading miners and smelters, serving as a reference point for copper concentrate contracts worldwide. However, the benchmark system is facing growing pressure as global copper concentrate supply tightens, smelting capacity continues to expand, and spot TC/RCs fall to unprecedented lows. As of June 12, 2026, the SMM Imported Copper Concentrate Index had declined to a record low of -US$119.84/mt. If more miners move toward index-linked pricing mechanisms, the long-standing benchmark TC/RC pricing system could face a fundamental shift.