【Japanese Company Develops 4 Micron Ultrathin Copper Foil, Promising to Improve Li-ion Battery Range】

According to data from the General Administration of Customs, China's total imports of copper cathode reached 249,991 mt in April, down 19.06% MoM and 11.97% YoY.

On May 7 (Wednesday), Goldman Sachs raised its quarterly copper price forecast, citing easing trade tensions and resilient copper demand, which are expected to continue supporting copper prices in the coming months.

As copper prices continued to rise, with consumption being suppressed by the absolute price and the operating rate of secondary copper rod production passively reduced during a period of policy watch, the discount of secondary copper rod against copper futures declined throughout March. The price difference between copper cathode rod and secondary copper rod has reached its highest level since September 2024. Against this backdrop, how is the current market for refined and secondary copper rods performing? Has the supply of copper anodes increased? A detailed analysis follows:

As the global economy adjusted to the new normal in the post-pandemic era, global copper demand reached a record high peak that fueled price growth. Because metal is such a vital raw material for its extensive range of industrial applications, it has emerged as an economic progress precursor in certain fields such as energy, transportation, and electronics. Copper direction in 2025 will be influenced by some of the factors ranging from the EV production boom to shifts in international trade policy.

Copper is an essential metal extensively used across various industries, including electrical, construction, and transportation. As such, the pricing of copper significantly impacts the global economy. Understanding the dynamics influencing copper prices can provide valuable insights for investors, manufacturers, and economic policymakers.

Upholding the mission of "Continuous Innovation Driving the Accelerated Transition to Green Energy," GEO will showcase its cutting-edge solutions at the Battery Show, contributing to the high-quality development of the global new energy industry.

Sunwoda: This Year, The Production Capacity of LFP Power Batteries Is Expected to Account for More Than 50%.

On May 8, lithium carbonate futures dropped 1.62% to 112,050 yuan/ton (~15,519.39 USD/ton). The battery-grade index stood at 111,609 yuan/ton (~15,458.31 USD/ton).

Progress of Rongbai's overseas Lithium iron manganese phosphate: The construction of the 20,000 mt LMFP in the second phase of the Korean base is being accelerated.

Chile’s mining output increased 7.7% year-on-year in February, with copper and lithium contributing