Copper Prices Firm as Chinese Industrial Restart Enters Peak Phase

Supply Scarcity

Mine production hurdles in Chile and Peru continue to limit the supply of refined cathode. This scarcity is being exacerbated by unseasonably low LME inventories, making the market highly sensitive to any demand shocks.

Data Center Demand

The AI-driven data center boom is consuming vast amounts of copper for power distribution. Strategic buying from technology infrastructure firms is currently providing a structural tailwind for the metal.