From the industry fundamentals perspective, China's prebaked anode exports have a solid foundation for growth. On one hand, Indonesia's aluminum capacity has entered a critical period of "utilizing existing capacity plus commissioning new capacity," directly driving a 71.89% YoY surge in China's exports to the country, making it a core growth market. On the other hand, the restart of a Spanish plant has generated phased procurement demand, and subsequent capacity commissioning will further release incremental space. Looking ahead, with the continued expansion of overseas aluminum capacity, coupled with China's comprehensive core advantages in the prebaked anode industry chain—such as cost control, capacity scale, and technical support—overseas markets are expected to continue driving steady growth in China's prebaked anode exports.
China's 2025 Copper Anode Imports Hit Multi-Year Low, Down 15% YoY in Jan-Oct [SMM Analysis]
SMM Analysis: According to General Administration of Customs data, China imported 55,200 mt of copper anode (HS code: 74020000) in October 2025, up 10.18% MoM but down 8.57% YoY...
[SMM Analysis]Primary aluminum pulled back, driving down aluminum scrap prices, while tight supply supports high-level negotiations for next week.