Tongling Colored: It is expected that there will be a long-term increasing trend in copper demand.

On May 12th, Tongling Nonferrous Metals Group stated at the performance briefing that the company expects the future development trends of the industry to be as follows: it is expected that copper demand will have a long-term growth trend. Under the wave of future energy transition and artificial intelligence development, the copper market still has considerable growth potential. First, there is the construction of data centers. The demand for the construction of large data centers is rapidly increasing, with a large amount of copper used for power transmission, storage, and cooling systems. Secondly, in the field of renewable energy. Clean energy technologies such as wind power, photovoltaics, and energy storage are rapidly developing, continuously increasing the consumption of copper. Finally, the rapid development of new energy vehicles has also become an important driving force for copper demand. The supply of copper concentrates is tight, with downward pressure on imported ore processing fees. The copper processing industry is accelerating its transformation and upgrade towards high-end manufacturing and green sustainable development.