Market Supply and Demand Situation for Copper Plate

(I) Supply Side

Global Production: The global production of copper plates maintained a stable growth trend in 2024. Major producing regions such as Asia (including China, Japan, South Korea, etc.), Europe (including Germany, Italy, etc.), and North America (the United States) continued to account for a large share. As the world's largest producer of copper plates, the growth of China's production has a significant impact on the global supply pattern. The new copper mine mining projects and the expansion of the production capacity of existing copper mines have ensured a relatively sufficient supply of raw materials, providing a solid foundation for the production of copper plates. For example, [specific copper mine name] expanded its production in 2024, effectively increasing the market supply of copper concentrates, thereby guaranteeing the raw material needs of copper plate production enterprises.

Enterprise Capacity Expansion: Some copper plate production enterprises actively promoted their capacity expansion plans in 2024. Some large enterprises improved their production efficiency and production capacity scale through technological transformation and the construction of new production lines. For example, [enterprise name] invested in the construction of an advanced copper plate rolling production line, and it is expected that its annual production capacity will be increased by [X]%, which has, to a certain extent, increased the supply pressure in the market.

(II) Demand Side

Demand from the Power Industry: The power industry is one of the major consumption fields of copper plates. With the continuous growth of the global demand for clean energy, the construction of renewable energy projects such as wind power and solar power has been accelerating. The application of copper plates in these projects is mainly reflected in the manufacturing of equipment such as transformers, generators, and cables. For example, in the construction of large offshore wind farms, a large amount of high-quality copper plates are required to manufacture the power transmission system, and strict requirements are imposed on the conductivity and corrosion resistance of copper plates. In 2024, the demand for copper plates in the global renewable energy field increased by approximately [X]% compared with the previous year.

Demand from the Electronic Industry: The demand for copper plates from the electronic industry has remained strong. In consumer electronic products such as smartphones, computers, and tablets, as well as in high-end fields such as 5G communication equipment and semiconductor chip manufacturing, copper plates are widely used in the manufacturing of components such as circuit boards and heat sinks. Due to the rapid replacement of electronic products and their development towards miniaturization and high-performance, higher requirements have been imposed on the precision, flatness, and performance stability of copper plates. In 2024, the demand for copper plates from the electronic industry increased by approximately [X]%, with the demand related to 5G communication equipment showing particularly prominent growth.

Demand from the Building Industry: The building industry uses copper plates in aspects such as decoration and water supply and drainage systems. The aesthetics and weather resistance of copper plates make them one of the choices for high-end building decoration materials. In some large commercial buildings and landmark buildings, copper plates are used for exterior wall decoration and roof covering. Meanwhile, in the building water supply and drainage system, copper plate pipes are applied due to their good antibacterial and corrosion resistance properties. However, the building industry is greatly affected by the macroeconomic situation and real estate market regulation. In 2024, the growth of the demand for copper plates in the building industry was relatively moderate, approximately [X]%.

III. Analysis of Price Trend

(I) Factors Affecting Price

Raw Material Cost: The price of copper concentrates is one of the key factors affecting the price of copper plates. In 2024, the supply of the global copper concentrate market was generally relatively loose, but supply interruption events in some local areas (such as the mine strike event in [area name]) still had a short-term fluctuating impact on the price. In addition, the international copper price is also affected by factors such as the US dollar exchange rate and global economic growth expectations. When the US dollar depreciates, the copper price denominated in US dollars tends to rise, and vice versa. When the global economic growth expectations are favorable, it will stimulate the increase in copper demand, thereby pushing up the price.

Market Supply and Demand Relationship: As mentioned above, the supply and demand balance state of the copper plate market has a direct impact on the price. In the case of oversupply, the price is under downward pressure; when the demand is strong and the supply is relatively insufficient, the price will rise. In 2024, although the overall supply increased, due to the relatively rapid growth of the demand from industries such as power and electronics, a situation of tight supply and demand still occurred in some time periods, supporting the price of copper plates.

Macroeconomic Environment: The global macroeconomic situation has a profound impact on the price of copper plates. The economic growth rates, monetary policies, and trade policies of major economies (such as the United States, China, and the European Union) will all affect the copper plate market. For example, changes in economic indicators such as the scale of China's infrastructure construction investment and the US manufacturing PMI index will cause changes in the market's expectation of the demand for copper plates, thereby affecting the price.