[SMM Analysis] According to SMM, the operating rate of copper foil enterprises in April 2025 was 71.51%, up 0.31 percentage points MoM and 0.60 percentage points YoY...

According to SMM, the composite operating rate of the enamelled wire industry was 76.79% in April, up 2.42 percentage points MoM and up 6.51 percentage points YoY. Among them, the operating rate of large enterprises was 80.37%, that of medium-sized enterprises was 70.14%, and that of small enterprises was 74.29%.

Indonesian nickel pyrometallurgical ore prices continues to slightly increase, while hydrometallurgical ore prices experience a downward trend. For high-grade NPI, this week's price pressure still persists

According to the SMM survey, as of May 7, the operating rate of blast furnaces at 242 steel mills surveyed by SMM was 88.96%, up 0.07 percentage point WoW.

On April 22, at the CCIE 2025 SMM (20th) Copper Industry Conference & Copper Industry Expo – Electrical Power Transmission and Distribution Industry Forum, Dong Junhao, General Manager of the Market Development Department of World Copper Recycling Copper Digital Trading Center, shared his views on the topic of "Building a Copper Industry Service Ecosystem to Address Industry Pain Points" and made introduction to the business of World Copper Recycling Copper Digital Trading Center.

On April 22, at the CCIE 2025 SMM (20th) Copper Industry Conference & Copper Industry Expo – Copper Pipe and Billet Processing Industry Development Forum, Lao Xicai, General Manager of Guangdong Weiqiang Copper Technology Co., Ltd., shared insights on the impact of the metallurgical quality of brass ingots and brass bars on the microstructure and properties of sanitary ware products.

At the 2025 (10th) New Energy Industry Expo - New Energy PV ESS Forum hosted by SMM Information & Technology Co., Ltd. (SMM), Liu Guohua, Chief Engineer of the EPC Division of the Power Grid Engineering Company of Northwest Electric Power Design Institute Co., Ltd. under China Power Engineering Consulting Group, shared insights on the topic "Zero-Carbon Industrial Parks: The Next Main Battlefield for Energy Storage."

At the CLNB 2025 (10th) New Energy Industry Chain Expo - Academician & Top-tier Entrepreneur Forum hosted by SMM Information & Technology Co., Ltd. (SMM), Liangbin Li, Chairman of Jiangxi Ganfeng Lithium Co., Ltd., delivered a speech centered on the theme of "Focusing on Sustainable Development and Practicing Long-termism."

On April 18, the AICE 2025 SMM (20th) Aluminum Industry Conference & Expo, hosted by SMM Information & Technology Co., Ltd. (SMM), co-organized by Zhongyifeng Jinyi Technology (Suzhou) Co., Ltd. and Lezhi County Qianrun Investment Promotion Service Co., Ltd., and sponsored by Shangli County Keyuan Metallurgical Materials Co., Ltd., Press Metal International Ltd., Delta Metal (Holdings) Limited, Jinqiao Light Alloy Technology (Jiangmen) Co., Ltd., and other entities as forum title sponsors, Sunstone Development Co., Ltd. and Shanghai Jialang Industrial Co., Ltd. as forum co-organizers, and supported by various specially invited supporters, conference supporters, conference acknowledgment units, and media partners, successfully concluded at the Suzhou International Expo Center in Jiangsu!