Existing Circumstances and Outlook

for Chinese Copper Industry

Wu Yuneng

SVP, Jiangxi Copper Company Limited

1. Existing Circumstances of ChineseCopper Industry

Existing Circumstances of Chinese Copper IndustryCu in Con. Refined Cu Cu Product

1000 t 1000 t 1000 t

2010 127.70 457.30 1,067.10

2011 129.80 517.90 1,110.60

2012 162.57 605.76 1,168.00

2013 177.29 683.88 1,498.70

2014 192.33 795.86 1,783.70

2015 166.71 796.36 1,913.70

2016 185.07 843.63 2,095.99

Imported Cu

Ore & Con.

Imported Unwrought

Cu and Cu Product

Imported

Refined Cu

Imported

Scrap Cu

Imported

Anode

Imported Cu

Product

Imported

Cu Alloy

Exported Unwrought

Cu and Cu Product

Exported

Refined Cu

Exported

Cu Product

1000 t 1000 t 1000 t 1000 t 1000 t 1000 t 1000 t 1000 t 1000 t 1000 t

2010 6,468 4,292 2,922 4,364 399 910 60 548 38 508

2011 6,3755 4,073 2,835 4,687 416 781 38 656 156 500

2012 7,8274 4,647 3,402 4,859 522 668 53 767 274 493

2013 10,074 4,541 3,205 4,372 628 650 55 782 293 489

2014 11,820 4,825 3,589 3,874 584 604 46 776 265 507

2015 13,293 4,808 3,678 3,658 530 563 39 684 211 466

2016 16,963 4,950 3,629 3,348 707 562 48 880 425 452

来源：国家统计局 Wind资讯

• Since 2010,the average annual growth of Chinese copper product is

11.91%, the same growth for refined copper is 10.75% , while only

6.38% for mined copper.

• During the same period, average annual growth of imported copper

concentrate is 17.43%, the same growth for imported anode is 10%,

for imported refined copper is 3.68%, meanwhile, imported scrap and

fabrication is shrinking.

• Exported refined copper sees average annual growth as high as

49.12%, while exported fabrication product decrease on annual basis.

Change 1: Copper Smelting in China – From Extensive to Intensive Form

• As the environmental protection standards keep upgrading, non-ferrous metal industries face more and more pressure to

protect the environment. We see serious issues regarding the accumulation and random discharge of tailings and red

mud. With the expansion of city construction, some smelters are now within the city center area, thus facing extreme

strict safety and environmental protection pressure.

• Major copper smelters in China are in the course of gradually eliminating processing technologies featuring high power

consumption, high emission and low efficiency. Clean, high efficient and low consumption technologies are being studied

and developed, as a result, energy consumption indexes are well improved.

Directory of National Hazardous Wastes(2016 Revision)

Environmental Protection Law of the People’s Republic of China

Specifications for Copper Smelting Industry 2014

The 12th Five-Year Plan for Comprehensive Prevention and Treatment of Heavy Metal Pollution

Guidance on Energy Saving & Emission Reduction of Non-ferrous Metal Industry

Notice on action plan for preventing and controlling air pollution

Emission standard of copper, nickel and cobalt industrial pollutants

Standard for pollution control of general industrial solid waste storage and disposal sites

Standard for pollution control on hazardous waste storage

Regulations

&

Policies

Change 2: Fabricators Pursue Quality Instead of Scale

1000 t 2011 2012 2013 2014 2015 2016

Copper Rod Capacity 7,480 8,570 10,350 11,620 11,450 11,190

Copper Rod Output 4,550 4,950 5,380 5,650 6,950 6,690

Capacity Utilization Rate 60.83% 57.76% 51.98% 48.62% 60.69% 59.78%

• Although the capacity and output of Chinese copper fabricators has

sit in 1st place in the world for consecutive 14 years, it is well noticed

that the industry can hardly satisfy the increasing needs of economy

growth, due to its lack of precision and high-quality product. Except

for AC inner-threaded tube that takes worldwide leading position, the

quality of other product such as strip, tube, rod, section bar and cable

is still in medium level.

• Despite managing to localize the production of low & medium quality

product, china imports a great deal of high precision product such as

high-end copper foil, copper strip, IC lead-frame copper alloy, copper

tube with high heat radiation performance and etc.

• Copper fabrication industry is facing the transformation from the

scale-oriented model to scale and quality balanced model.

Source: Antaike

• The expansion of China’s smelting capacity has resulted in increase of concentrate demand. From 2000 to 2015, China’s crude copper

capacity had got rapid growth with average annual growth of 450k tons, while from 2016 to 2020, such capacity growth would be

moderated to 250k tons. By 2020, still over 1 million tons crude copper capacity will be put into production, which means copper

concentrate demand would be lifted through the 13th Five Years Plan period.

• In recent 5 years, copper concentrate import has been growing at 22% annually, meanwhile, average annual growth of refined copper

import is only 4%. In 2015, 3.59 million tons copper in concentrate was imported into China, surpassed net import of refined copper for the

first time, in 2016, it happened again. China’s copper import pattern will be turned from refined copper intensive to raw material intensive.

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

14.00%

16.00%

18.00%

20.00%

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

2008 2010 2012 2014 2016 2018 2020

中国冶炼产能 中国冶炼产能增速

数据来源：Wind

40

60

80

100

120

140

160

180

200

120,000

170,000

220,000

270,000

320,000

370,000

420,000

470,000

2008-12 2010-06 2011-12 2013-06 2014-12 2016-06

精铜进口 铜精矿进口

Change 3: Transition from Refined Copper Intensive Import to Raw Material Intensive Import

Smelting Capacity Smelting Capacity Growth Rate Refined Cu Import Raw Material Import

Global and Chinese Copper Consumption

From 1990 to 2000, copper

consumption growth in China had

been stable with 3% averagely

After China’s entry to WTO and demographic

dividend in 2001, Chinese market had evolved

into the main drive for global copper demand.

From 2001 to 2009, China’s average annual

growth of copper demand is 13%.

With 4 trillion RMB stimulus policy, real

estate market well developed and

copper consumption growth maintained

at high speed.

From 2009 to 2014, average annual

growth is 9%.

From 2015 to 2016, as

demographic dividend faded

out, China’s economy

embraced its new norm.

Copper consumption growth

rate decreased to 3-5 %.

Change 4: Consumption Growth From High Speed to Medium Speed

Data from：Wind

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

0

500

1,000

1,500

2,000

2,500

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

全球铜消费 年 中国铜消费 年 中国消费全球占比 %

Global Cu

ConsumptionChinese Cu

Consumption

Percentage of Chinese

Consumption

Peak YearsPeak Values

Total Population Per Capita Refined Copper

Consumption（kg）Consumptions（kt）

US 2000 30252.82 hundred

million10.72

Germany 2006 13980.82 hundred

million17.05

Japan 1991 16131.27 hundred

million12.7

South Korea 2004 9404804 ten

thousand19.57

Italy 2006 8015894ten

thousand13.59

France 2000 5746091ten

thousand9.42

Spain 2010 3444595ten

thousand7.49

UK 1997 4085849ten

thousand6.97

Canada 2006 3013200ten

thousand9.4

Australia 2002 1881965ten

thousand9.57

China 1050013.75hundred

million7.6

India 45.812.67hundred

million0.36

Brazil 30.92.02hundred

million1.53

2,000

2,200

2,400

2,600

2,800

3,000

3,200

3,400

100,000

120,000

140,000

160,000

180,000

200,000

220,000

GDP:不变价:当季值 季 ICSG:消费量:精炼铜:中国:当月值:季 季

Change 4:China’s Copper Consumption from Rapid Growth to Medium Growth

• In long-term, copper utilization usually happens in rapid developing phase of urbanization and industrialization, in such phase copper

consumption growth is in accordance with economic growth and then copper consumption growth will gradually fall behind economic

growth. Now China has passed high speed growth term and is entering into medium speed growth term.

• In mid-term(2-3 years), counter-momentum for China’s consumption reduction maybe the restart of us infrastructure and One Belt

One Road investment on related countries. In long-term, nova economies such as India and Southeast Asian countries will be next

driving forces for growth.

Data Source：Wind，Antaike

• Such consumption in China mainly concentrates on architecture, electricity, industry, transportation and home

appliance fields.

• Thermal and electrical conductivity of copper is much higher than the counterpart of other metal, only second to

the counterpart of silver. Because of such feature, copper has became an important material in electronic and

electrical industry.

Utilization as follows：

-Seawater Cultivation-

Seine-22tons/Seine

Seashore Cage-4tones/Cage

Small Seashore Cage-0.6tones/Cage

Copper sea cages can prevent biological adherence and they are easy for maintenance and recycling with long service lives. In

2020, it is predicted that copper utilization amount of sea cages would be over 10 thousand tons. As data from International Copper

Association, potential of seawater desalination will be developed rapidly.

-Seawater Desalination

Copper tubes are with sterilization and anti-corrosion effect. In seawater desalination, seamless copper alloy tubes will be necessary.

As water shortages of some seaside areas, seawater desalination will be developed rapidly.

Change 5: Copper Consumption Application in China from Traditional Fields to Nova Fields

Change 5: Copper Consumption Application in China from Traditional Fields to Nova Fields

-New Energy Vehicles

As national policy planning, in 2020, pure electricity driven and plug–in typed hybrid automobiles will be over 5 millions

in outputs and sales. One new energy vehicle will use 40-90kg copper which is higher than 20kg copper of a traditional

vehicle, at that time 400 thousand tons copper consumption will be driven

- Charging Stations

As national policy planning, in 2020, newly-added collective charging stations will be 12 thousand and individually

distributed charging stations will be 4.8 million, so ratio of vehicle and station will be nearly 1:1. Each AC charging

station (slow charging typed) costs 5kg copper while each DC charging station (rapid charging typed) costs 60kg

copper, as 20% of them are rapid charging typed, at least 80,000 tons copper consumption will be driven.

- Solar Collector

According to the data from International Copper Association, the optimistic estimated copper consumption in solar

collector application could reach around 72,000 tons.

- Air Source Heat Pumps

For hot water production and comfort heat supply, they are important equipments in coal-to-electricity transformation

to replace equipments with high pollutions such as coal burning boilers. In next five years, driven by environmental

protection, this market sector will grow rapidly. As prediction of International Copper Association, in 2020, annual

copper consumption will be 50 thousand tons in newly-added markets.

Change 6: Growth Diving Force Transferred from Resource to Innovation

• Global economy is facing important opportunities and challenges of a new round of technology revolutions and

industrial reforms. Total amount of Chinese economy is the No. 2 around the world meanwhile pressure in

population, resources and environment are higher and higher. To push forward simultaneous developments of

new-typed industrialization, information, urbanization and agricultural modernization, innovations driven

developing paths should be transferred into as soon as possible.

• In the past, rapid development of copper industry was relied on traditional population and resources dividends

and bias on fixed assets investment which led to outstanding structural contradictions. Smelting growth is faster

than consumption growth and overcapacity is significant in copper process industry so integral economic

benefit of this industry is low.

• In future, copper industry should be transferred from resources driven to innovations driven for costs reduction,

qualities enhancement and benefits growth. As well as its comprehensive competitiveness should be

strengthened by means of technological and management innovations and fostering of innovative talents.

Resources Driven

Innovation Driven

2. Opportunity confronted by

China’s Copper Industry

• Industry Development：Industry growth from the high speed in 12th Five Year plan period to medium high speed, effective demand aligns

with insufficient effective supply.

• Development Mode：From scale expansion to capacity optimization, new capacity controlment, and self-stimulus reduction in output

• Drive Factor：Investment shifts from low cost resource to innovative drive. Promoting high-end material and implementing intelligent

manufacturing.

Table：Demand and Output Prediction - Apparent Consumption in 2020

2015 Apparent

Consumption

1000 T

Average Annual

Growth %

2011-2015

2020 Output

Prediction

1000 T

2020 Apparent

Consumption

Prediction

1000 T

Average Annual

Growth %

2015-2020

55,600 10 6500 6800 4.1

Major Metal

Refined Copper 11,470 8.9 980 1350 3.3

Primary Aluminium 31,070 14.4 4000 4000 5.2

Lead 4,370 0.8 465 450 0.6

Zine 6,710 3.5 710 730 1.7

Magnesium 532 7.2 130 75 7.1

Gold (in ton) 986 11.5 520 1200 4

Note: Consumption and output date for copper, lead and zinc includes recycled metal.

1. The 13th Five Years Plan for Non-ferrous Industry（2016-2020）

• The population coverage of the Belt and Road initiative is about 4.4 billion, accounting for 63% of global population, the correlative economic aggregate tops 21

trillion USD, account for 29% of the whole world. The non-ferrous metal reserve around the Belt and Road initiative correlative countries is also top class in the

world, namely copper, zinc, aluminum, antimony, etc.

• Currently, the Belt and Road initiative correlative countries have low copper demand but bear abundant resources, as a fine complementation, China relies on

external raw materials. Another great complementation lies in technology side, as the Belt and Road initiative correlative countries suffer from undeveloped mining

and China can help improve those countries by transporting its advanced technology and equipment regarding mining, processing, smelting.

• The State Council has promoted international capacity cooperation in 12 industries, non-ferrous metal industry is one of them. By facilitating international capacity

and equipment manufacturing cooperation, it is beneficial to boost domestic economic development, to promote industrial transformation and upgrading, to expand

new space for industry development, and to create new drive for economic growth.

Promoting international capacity and equipment manufacturing cooperation

（12 Key Industries）

SteelNon-

Ferrous

Building

MaterialsRailway Power Chemical Textile Automobile

Tele-

communication

Construction Machinery

Aeronautics &

Astronautics

Naval architecture and ocean

engineering

2. The Belt and Road Initiative

3. Supply-side structural reform

➢ Structural reform on supply-side is the core of the while economic

reform in the 13th Five Year Plan (2016-2020) in China. Such reform

should be deepened in copper industry to strictly control smelting and

fabricating capacity as to slow down the pace of expansion.

➢ Shutdown, transfer or reorganize over-capacity enterprises in those

sectors which are not in accordance with national energy consumption,

environmental protection, quality and safety standards or in long-term

deficit, and clear all enterprises which suffer more than three

consecutive years deficit, and are not in accordance with structural

adjustment directions by means of assets reorganization, ownerships

transactions, shutdown & bankruptcy, especially clear zombie

enterprises.

➢ Accelerate the process of upgrading and weak links improvement

for copper industry, especially for copper fabricating industry. Shifting

domestic resources to competitive enterprises, so as to facilitate the

industry to obtain healthy and sustainable development.

Supply

Demand

Quality

Performance

Design

3. Outlook

1. Improve Industry Integration, Strictly Control Expansion Sprawl

• Currently China’s copper industry is not sufficiently integrated, it is quite necessary to have further

integration and encourage key players to improve their competitiveness by M&A.

• Extensive development is not in favor of sustainability pursuit, so national environmental protection and

energy saving policies should be strictly implemented.

• Structural reform on supply-side in copper industry means to eliminate outdated capacity, to exit

excessive capacity, to shutdown deficit capacity, and to strictly control construction of new copper

smelting project, medium & low level copper rod and strip project.

-10.00

0.00

10.00

20.00

30.00

40.00

50.00

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

2008 2009 2010 2011 2012 2013 2014 2015 2016

固定资产投资:有色冶炼及加工 同比%_RHS

亿元 %

Date from: Wind

Fixed asset investment: Non-ferrous smelting and fabricating

China’s Smelting Capacity Growth Rate

2. Take the initiative to secure resources

• China suffers copper resources starvation, its 70% copper

raw material relies on import, companies should take the

initiative to step out of china and secure good mineral

resources.

• Currently most of China’s controlled overseas assets are

located in south American and African district, in the future,

the geographic selection should shift to mid-east Europe,

mid-Asia, southeast Asia and other Belt & Road initiative

countries.

• The geographic layout of the Belt & Road initiative contains

great potential for mineral resources. Among these

countries, Kazakhstan, Russia, Indonesia has great copper

resources raking at top tier worldwide.

• In accordance with “Innovation, Harmonization, Green,

Openness, Sharing” principle, facilitate the industrialization

and urbanization progress and economic development.

Mineral Resources Distribution around the Belt and Road Initiative Countries

Country Minearal Reserve（t)

World

Ranking

Mid-AsiaKazakhstan

Gold 19,000 8

Copper 6,000,000 14

Lead 11,700,000 6

Zinc 2,570,000 4

Uzbekistan Copper 25,000,000 ——

North Asia

Mongolia Gold 3,100 ——

Russia

Nickel 7,900,000 10

Copper 30,000,000 6

Alumina 200,000,000 13

Gold 5,000 3

South Asia

Lead 9,200,000 3

India Lead 2,600,000 7

PhilippineNickel 3,100,000 8

Copper 7,000,000 ——

East-south

Asia

Alumina 242,000,000

Indonesia

Bauxite 1,000,000,000 6

Copper 25,000,000 9

Gold 3,000 7

Tin 800,000 2

Nickel 4,500,000 6

Thailand Tin 170,,000 8

MalaysiaTin 250000 7

Alumina 14,000,000 ——

Vietnam Bauxite 2,100,000,000 4

Date from: Geological Bulletin of China

• In China, copper resource is unevenly distributed, so the smelting facility should be constructed near the resource, or

near the port, so as to improve profit.

• China’s copper resource is widely distributed, except for Tianjin City, all other provinces and cities contain copper

reserve. Refined copper productions in China are focused in east China district, while copper consumption is focused

in east China and south China.

• The top 5 provinces with refined copper output are Jiangxi, Anhui, Shandong, Gansu, Yunnan, account for 66% of total

china. The top 5 provinces with copper product output are Jiangxi, Zhejiang, Jiangsu, Anhui, Guangdong, accounting

for 73% of total China. The industrial integration needs to be further lifted, and fabricating capacity should be located

near the consumption market to have optimized efficient.

3. Optimize Capacity Layout By Suiting Measures to Local Conditions

数据来源：Wind

Top 10-Copper Ore output Top 10-Refined copper output Top 10-Copper Product

4. Green Development, Improve the Level of Comprehensive Utilization • Improve the Recycled Resources Utilization

Taking copper for example, the average annual recovery growth rate could reach 10% in the coming decades, and recycled copper industry will usher in rapid development. It’s necessary to accelerate the development of non-ferrous metals recycling industry and improve the comprehensive utilization of recycled metals. Companies should align themselves with the Belt and Road initiative and Chinese environmental regulation diversification, and speed up the process of setting up overseas recycled metals facility.

• Strengthen Energy Saving and Emission Reduction Management

Gradually replace the existing high energy consumption and highly pollutive production equipment and technology, increase the utilization of clean energy. Push industrial enterprises to switch from coal to gas for fuel, strengthen key technologies and equipment development.

• Promote the Development of Ecological Environmental Protection

Strengthen mine ecological environmental restoring, improve utilization of tailings, furnace slag and other solid wastes. Recover waste heat and pressure, treat and recycle waste water, promote the integrated development of environmental protection and copper industry

Table：Economic and Technical Indexes of Copper Smelting Enterprises, first half year of 2017Index Items Unit Industry average index

1、Copper smelting recovery rate ％ 98.432、Copper refining recovery rate ％ 99.463、Blister recovery rate ％ 98.954、DC power consumption of Cathode kW·h/t 3175、Power consumption of blister kW·h/t 6346、Coal consumption of blister kg/t 1597、Comprehensive energy consumption of Cu smelting kg ce／t 248

5. Promote Industry-Academy-R&D Integration and Development Driven By Talents

• Insist on integration of Industry-Academy-R&D, introduce into universities and research institutes to jointly carry out subject study, to

build collaborative laboratory, to set up Technology Innovation Center and R&Ds.

• General Secretary of CPC Central Committee, Xi Jinping once emphasized that innovation driving in fact is talents driving. The copper

industry should have more opened talents policy, so as to foster talents with high skill, professional technique and management

expertise. By taking key industrial science and technology research project as linkage, by function of market mechanism, policy

promotion, enterprise operation, we should promote strategic alliance among university, researching institutions and enterprises, so as

to achieve integration of Industry-Academy-R&D, and foster more and more talents.

“Industry-Academy-R&D"

Cooperation

Industry means enterprises

Academy means universities

R&D means researching institutions

6. Insist on Combination of Informatization and Industrialization, Promote Intelligent Manufacturing • Facilitating the deepened integration of informatization and industrialization is the important support for building up a

strong copper industry in China.

• At mine side: create intelligent mining mode. There are very few large and super-large mines in China, and mines

are featured with low grade, complex ore bodies, high operation cost etc. It’s necessary to promote digital mine and

intelligent mining mode, which will improve intelligent manufacturing level of nonferrous metals industry, and bring along

benefit to reducing mine staff, increasing efficiency, lifting safety control, improving working condition.

• At smelting side: promote intelligent copper smelting. The Ministry of Industry and Information Technology

confirmed and announced 63 pilot demonstration projects for intelligent manufacturing, which consists of many projects

from non-ferrous metals industry, and Jiangxi Copper’s intelligent plant project in Guixi smelter is one of them.

Project Name Applicant

Intelligent copper smelting pilot demonstration Jiangxi Copper Company Limited

Intelligent alumina factory pilot demonstration Shanxi Fusheng Aluminum Company

Limited

High performance lithium battery intelligent

manufacturing pilot demonstration

ZhongTian Energy Storage

Technology Co.,Ltd

High purity crystalline silicon intelligent plant

pilot demonstrationXINTE Energy Co., Ltd

7. Innovate Management Model by Taking Advantages of Financial Instruments

• Non-ferrous metal products are not only industrial materials defined by supply and demand, but also investment tools utilized by global politics, economics, monetary policies and financial market. Because of the complex pricing mechanism and high degree of financial integration, we should make good use of financial instruments to manage risks well, and keep a stable business performance.

• There are rich varieties in the financial market, from inside panel to outside panel, from futures to options, from commodities futures to financial futures, while conducting risk control, we should actively seek to innovate risk control model.

• Jiangxi Copper has implemented an integrated business mode featuring with the comprehensive integration of spot, futures, financial and risk control, which includes integrated procurement and sales, interactive spots and futures, synergized financial operation, full integration of virtual and real economics, as well as rick process monitoring.。

Case I：

Virtual Mine

• Build virtual mine by making use of futures market to avoid problems like long period mine acquisition, large capital occupation, and force majeure, etc. We should study the possibility of building virtual mine vie futures market and its operation strategy.

Case II:

Portfolio Hedging Mode

• In order to realize a maximum enterprise value, we could regard the assets and liabilities including spots, futures, options, receivables and payables established during the integration of spots and futures, virtual and real economics, as a portfolio, and optimize them through management of the assets portfolio

8. Strengthen Formulation of Rules and Standards to Improve Industry Competitiveness

• Strengthen China’s influence in formulation of industry standards, trade rules and pricing rights, improve global

competitiveness of Chinese copper industry.

• Pricing rights: Encourage leading enterprises to grow stronger and bigger, upgrade industry concentration and global

market influence. Strengthen industry self-discipline to avoid cut-throat competition, encourage enterprises to participate

in international market negotiation under the guidance of industrial association. To promote construction of commodity

spot market trading and service platform. Actively cultivate market makers to meet individual requirement of customers,

and improve price formulation system. Along with implementation of Belt and Road initiatives, actively participate in and

spread cross border and overseas trading and futures business with benchmark price based on China domestic futures

exchanges and RMB – denominated, to upgrade global position of Chinese non-ferrous metal market as a pricing

center.

• Industrial Standards: Strengthen research and study of new equipment and new technology and formulation of their

standards. Strengthen link-up of material manufacturing standards with designing norms and specifications of down-

stream industries like transportation and electronic information, etc, and also application data handbooks. Actively

participate in international standardization work, increase spreading of Chinese standards internationalization, promote

mutual recognition of results of authentication and inspection of relevant products.

9. Develop New Material and Expand New Application • Readjust Structure to Adapt to Development of New Emergent Industry: Along with development of a batch of strategic

new emergent industries, enterprises shall strengthen the development of new materials and studies on new applications, and increase valid supply and upgrade efficiency of supply.

• New Material：Conduct vigorous research and study on key basic materials that could meet the needs of high-end fields including new generation of information technology, aerospace, ocean engineering, rail transportation, energy saving and new energy automobile, etc..For example, sophisticate electronic copper strips, high performance copper foils, copper nickel alloy strip materials, etc..

• New Application: Make efforts to promote new applications by seeking support from relevant department to establish extensive cooperation with relevant associations of both domestic and abroad, upstream and downstream industries. Expand the fields like copper-made water pipe for building construction, seawater fishery cultivation, centralized heat supply, etc.，speed up application of high strength and high conductivity copper alloy material, super-high purity oxygen-free copper wires, copper- aluminum composite material, supper-fine copper alloy wires into high-end functional components and advanced power equipment.

Copper foil

for Lithium Battery Power Battery New Energy Auto

Thank You!