[SMM price] the discount on the rise of copper cash in Shanghai market on July 1st (the third period)

The 2026 semi-annual report disclosure season has concluded, with publicly listed firms across China's copper foil industry chain delivering impressive interim results. Driven by sustained growth in ESS installations, rising NEV penetration rates, and accelerated construction of AI computing infrastructure, the industry has emerged from a two-year downturn and entered an upward cycle of rising volumes and prices...

Shandong Xinhai Mining's 1.5 million tonnes per year sulphide-copper flotation plant in Kazakhstan has entered the equipment installation and commissioning phase, with civil works past the halfway mark and all major equipment foundations accepted. Delivered under a full EPC+M+O contract, the plant treats ore averaging 0.86% copper and is designed for a 22% copper concentrate grade at 90% recovery, processing 5,000 tonnes per day over 300 operating days. Work started in October 2025, resumed in April 2026 after winter, and is scheduled for civil completion by end-September and full commissioning by year-end. Onstream, it will recover roughly 11,600 tonnes of copper metal annually.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 01 Sep , 2026