China Copper Foil Output to Decline in February amid Sluggish Market Performance

SHANGHAI, Feb 16 (SMM) – SMM estimates that China’s copper foil output will stand at 65,400 mt in February, down 1.16% MoM and up 34.51% YoY. The year-on-year rise is mainly due to the rapid expansion of lithium battery copper foil production capacity. In terms of terminal consumption, Tesla’s price cuts may stimulate its sales to a certain extent, but domestic car companies will still be struggling now that the national subsidies for NEVs have been removed. Most lithium battery copper foil companies reported poor new orders in February amid sluggish NEV market, and some companies even expressed that they are considering switching to production of other products.