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Copper Markets Quiet on Pre Holiday Lull in Asia

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Published: January 28, 2026

Seasonal Slowdown

Physical premiums in Shanghai have softened slightly as spot buying dries up. This seasonal pattern is typical for late January, allowing the market to cool after the recent run-up.

Long Term Bull Case

The dip is viewed as temporary. Analysts expect a sharp rebound in demand post-holiday as China ramps up its 2026 grid modernization projects.