【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.)