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Copper Prices Edge Higher on Pre Holiday Factory Activity in China

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Published: January 26, 2026

AI and Grid Demand

Beyond seasonal flows, the structural bid from the AI data center sector remains the primary driver. Tech firms are actively stockpiling copper cable, fearing further price spikes later in the year.

Inventory Drawdowns

Shanghai Futures Exchange (SHFE) inventories fell for the 4th consecutive week, signaling that despite high prices, consumption remains robust in the green energy and high-tech sectors.