Copper Prices Firm as China Industrial Restart Gains Full Momentum

Global Inventory Tightness

LME and SHFE inventories remain unseasonably low. The lack of a 'holiday build-up' in stocks suggests that consumption is outpacing new mine production, which continues to be hampered by operational hurdles in Chile.

Grid Modernization Bid

Massive grid modernization projects in North America and Europe are adding to the global demand strain. Strategic buying from utility infrastructure funds is currently acting as a major tailwind for the metal.