2025 (20th) SMM Copper Industry Conference and Expo
Looking ahead to 2025, we anticipate a series of complex and volatile challenges for the global economy. The Federal Reserve is expected to enter a cycle of interest rate cuts, a policy shift with far-reaching implications for global financial markets. Meanwhile, as the U.S. election concludes, uncertainty surrounding global trade policy is likely to increase, introducing new challenges for international trade cooperation.
Against this macroeconomic backdrop, industrial relocation and supply chain reorganization will become key issues that demand close attention. Additionally, policy changes will significantly impact the electrolytic copper trade market. With the removal of tax subsidies and other incentives, the space for copper cathode trade will narrow further. We expect the purchasing strategies between traders and smelters for processed copper materials to diverge more markedly.
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