【Copper Cathode Rod Operating Rate Steadily Rises Ahead of Holiday, but Sustainability of Consumption Remains Questionable】Copper Cathode Rod: The weekly operating rate of major domestic copper cathode rod enterprises (4.18-4.24) rose as expected to 79.56%, up 1.48 percentage points MoM, 0.41 percentage points lower than the expected value, and continued to increase by 8.88 percentage points YoY.

On Thursday, April 24, Canadian miner Teck Resources released its Q1 earnings report, showing an increase in copper sales YoY and maintaining its 2025 forecast unchanged. The report indicated that Q1 copper sales reached 106,200 mt, up 11% YoY, reflecting higher sales from Highland Valley Copper and Carmen de Andacollo. (Webstock Inc.)

On Thursday, April 24, global miner Anglo American reported a 15% YoY decline in Q1 copper production but maintained its full-year production guidance unchanged. The London-listed miner stated that Q1 copper production was 168,900 mt, reflecting increased production in Peru due to higher grades, which was offset by planned production declines in Chile. (Webstock Inc.)