Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 145

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 145
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32million tons, while global copper consumption reached approximately 2.35million tons, resulting in a supply deficit of approximately 32,100 tons. For the period from January to November 2024, global refined copper output totaled approximately 25.55million tons, compared to global consumption of approximately 25.78million tons, reflecting a cumulative supply shortage of approximately 233,300 tons. According to the data released on Manufacturing Rankings Database, China’s apparent consumption of refined copper reached 14.95million tons in 2024, representing a year -over-yeardecrease of 5.6%. The decline was primarily influenced by weaker demand in the construction sector, which offset growth driven by the power, home appliance, automotive, and new energy industries. Refined copper consumption in China is mainly concentrated in end -usesectors such as power cables, home appliances, automobiles, and real estate. Among these, power cables accounted for approximately 37% of total consumption, with construction, home appliances (including air conditioning and other refrigeration equipment) and the automotive sector accounting for 21%, 15%, and 8%, respectively, in 2024. The rapid development of the new energy sector, particularly electric vehicles and renewable energy projects such as wind and solar power, has led to a surge in demand for refined copper, emerging as a new growth driver. According to a report titled “Renewables to Significantly Increase Copper Demand by 2027” released by the International Copper Association (ICA) on internationalcopper.org, global copper demand is increasing, with renewable energy sources such as wind and solar being key contributors to this trend, particularly in Asia. The study, conducted by Navigant Research, predicts increases in solar and wind energy will raise copper demand by 813 thousand tons annually by 2027, a 56% increase on 2018 levels. Although the ICA does not provide a breakdown for individual countries, it predicts China will maintain its leading role for annual installations of wind turbines. China’s switch to renewable energy systems is likely to be a key demand driver going forward. Copper is the best non -preciousmetal conductor of electricity due to the lack of resistance it offers. This property makes it an important component in energy -efficientgenerators and renewable energy systems, with solar and wind energy installations using larger volumes of copper than conventional thermal power generators. Looking ahead, with the continued advancement of these sectors, the consumption outlook for refined copper remains promising. Electric Vehicles According to an article entitled “The Demand