On july 25, kcn issued a series of reports on electrical equipment and power batteries and electrical systems in the new energy sector. The lithium copper industry has experienced a significant excess supply over the past two years, with a marked decline in profits and a loss in almost all sectors in 2024. The copper industry itself is characterized by heavy assets, a larger share of raw materials and a more fragmented supply pattern, and, under pressure, more integrated copper companies have begun to accelerate the expansion of new products and new downstream areas. With regard to lithium copper beams, further acceleration of lightening and high intensity development, along with the introduction of high resistance products to new silicon carbon and the introduction of polycrylic copper beams, mistified copper beams, core beams, etc. To solid batteries, high end lithium beams may gradually reflect differences and fragmentation. On the other hand, there is a strong demand for ai and its calculus, advanced sealing, and the corresponding demand for hvlp and copper-mounted slabs is pressing, and the german-led copper company is accelerating its domestic substitution. Introduction to the copper platinum industry. The electrolyte copper platinum can be divided into lithium copper platinum and standard copper platinum, upstream of which is cathode copper, and downstream, mainly covering lithium batteries and the pcb industry. Production processes include soluble copper, electrolysis, surface treatment and fragmentation, with technical barriers mainly in additive formulations, process control and equipment transport. The copper industry is characterized by high raw materials costs, heavy assets and high process control requirements. In 2024, china exported 690,000 tons of lithium copper, an increase of 28 per cent over the same year and nearly 80 per cent globally. Compared to the rest of the lithium battery, the copper copper copper industry remains less than 50 per cent concentrated in cr4 and is almost at the same level as the previous year. Lithium copper is still relatively redundant, but the profitability has begun to recover. The industry as a whole remains relatively redundant, with low- and middle-end copper platinum processing costs convulsing, but high-end copper platinum is slightly better because of relatively high technical and customer barriers. After an industry-wide loss in 2024, the lithium copper industry began to recover in 2025, with high product processing fees starting to be quoted in terms of copper processing fees, and in terms of business results, several head-run enterprises began to lose through downside efficiency (optimization of processes, control of procurement costs) and high-end productization (a very thin increase in the share of copper under 4. 5 μm), with a significant improvement in the māori ratio in the first quarter of 2025. The ai development pulls up the hvlp copper accelerator and the national production substitution accelerates. The global ai mega-model has flourished, boosting the high-speed computing landscape to the performance requirements of the csl. The upgrade of the ccl class is accompanied by a simultaneous increase in the requirements for the copper platinum. The current basic configuration of the m7 and above is for copper beryllium products with hvlp 2 and above, which will be upgraded to hvlp 4/5 if the ccl develops to m9/m10 in the future. According to the mirai proclamation, its share of hvlp 2 generations and above would exceed 90 per cent in 2025 and about 50 per cent in 2023. Domestic copper mills, headed by defouux and copper crowns, began to enter the high-end copper market at hvlp and dth. In june 2025, the devereaux announcement plans to acquire luxembourg copper platinum (the second largest hvlp copper mill in the world), which will go directly into the overseas supply system. In short, it is expected that the replacement of national production in this area will accelerate。
