Copper Prices Firm as AI Data Center Demand Offsets Seasonal Lull

Mining Disruptions and Supply Risks

Labor friction in the Andean copper belt and operational hurdles at major mines in Peru are preventing a meaningful supply response to high prices. LME inventories remain near record lows, making the market highly sensitive to any logistical bottlenecks.

Strategic Stockpiling in China

Chinese manufacturers are reportedly using the recent price dip to replenish strategic reserves ahead of the Lunar New Year break. This front-loading of demand is providing a hard floor for prices near the $5.80 level.