In the upcoming year of 2025, we foresee that the global economy will face a series of complex and volatile challenges. With the US election settled, the uncertainty of global trade policies will further increase, bringing new topics to international trade cooperation. In the geopolitical arena, ongoing conflicts and tensions have not shown significant alleviation, which not only poses a threat to global security but also has a significant impact on resource allocation and industrial layout. Against this macro backdrop, industrial transfer and supply chain restructuring have become key topics that we must pay close attention to. At the industrial level, the trend of protectionism in mineral resources is on the rise, directly affecting the stability of global copper concentrate TCs. With the rapid expansion of global smelting capacity, the profit margins of copper smelters are further compressed, and the challenges faced by the industry are becoming increasingly severe. In the field of secondary copper raw materials, the advancement of Environmental, Social, and Governance (ESG) standards and the "dual carbon" goals have significantly increased market attention to secondary copper. However, the "reverse invoicing" policy implemented in 2024 and the "Fair Competition Regulations" have had a profound impact on the secondary copper industry. Looking ahead to 2025, the changes in the landscape of the secondary copper industry will have a critical impact on the entire copper industry chain. Additionally, with the cancellation of tax subsidies and other incentive measures, the space for copper cathode trade will further narrow. We expect that the procurement ratio of copper processed materials between traders and smelters will show a more pronounced differentiation.
In this context, the "CCIE 2025 SMM (20th) Copper Industry Conference and Copper Industry Expo" meticulously prepared by SMM will be grandly held in Nanchang, Jiangxi from April 22-25, 2025. The Jin-Tong Industry of Shanghang County will attend this conference in full force. We will keep pace with the times, aim at our goals, strive diligently, and move forward with courage! Click the registration form to sign up for the conference immediately. We look forward to meeting you at the conference. Shanghang County Jin-Tong Industry Development Center.
As a characteristic and dominant industry of Shanghang County, the Jin-Tong industry is one of the 100-billion-yuan industrial clusters in Fujian Province and one of the two major industrial leading industries in Longyan City. There are currently 61 Jin-Tong industry enterprises, including 27 above-scale enterprises and 12 enterprises with an output value of over 100 million yuan, among which there are 2 enterprises with an output value of over 10 billion yuan and 3 enterprises with an output value of 1-10 billion yuan. It has attracted 7 Fortune 500 companies such as Geely Group and GAC Group, and 4 China 500 companies such as Transfar Group and Guizhou Phosphate Chemical to join the Shanghang Jin-Tong industry, extending the development of high-value-added new material production projects, forming a diversified, rich, and technologically complex Jin-Tong smelting industry chain, copper deep processing industry chain, and rare and precious metals industry chain, gradually building a Jin-Tong industrial cluster. In 2024, the output value of above-scale enterprises in the Jin-Tong industry reached 121.5 billion yuan, up 5.8% YoY, achieving counter-trend growth under complex and severe international and domestic situations.
1. Jin-Tong Smelting Industry Chain. There are currently 5 enterprises including Zijinshan Gold-Copper Mine and Zijin Copper Industry. Led by Zijin Copper Industry, following the principle of "thorough utilization and green development," with copper cathode, phosphate, hydrofluoric acid, fertilizer, gypsum building materials, and fluorosilicon materials as the main products, the focus is on developing sulfur-phosphorus chemical, sulfur-fluorine chemical, and building materials industries for comprehensive utilization of resources, achieving green and circular development in smelting.
2. Copper Deep Processing Industry Chain. There are currently 45 enterprises including Min Tong Copper Industry, Rui Long Copper Industry, and Yintong Superconductor. With copper rod, copper strip, copper pipe & tube, copper foil, medium and low voltage cables, communication cables, and power equipment as the main products, the focus is on extending and expanding in the fields of power transmission and distribution, electronic information, home appliances, and sanitary ware, vigorously developing special wires and cables, high-end copper alloy strips, copper alloy pipes, high-precision copper foil, new conductive materials, enamelled wire, ultra-fine copper wire, and 5G communication accessories as end-use products.
3. Rare and Precious Metals Industry Chain. There are currently 3 enterprises including Gold Smelting and Jiujiu Gold. Led by Gold Smelting, with gold, silver, jewelry, gold wire, gold salt, silver salt, and electronic silver paste as the main products, the focus is on developing downstream rare and precious metal material processing, gold and jewelry processing, and extending the development of high-value-added products such as high-purity gold photosensitive materials, catalytic functional materials, electrical contact materials, precious metal coatings, bonding gold wire, precious metal targets, nano silver wire, and gold strip.
SMM Conference Contact: Jie Ren, 18655033505, renjie@smm.cn.