Copper Prices Hold steady on AI Data Center Expansion Reports

Grid Modernization

Utilities in the US and Europe are accelerating the replacement of aging power infrastructure. This massive replacement cycle is consuming high volumes of copper cable, keeping the LME stocks at historically low levels for this time of year.

Supply Risk in South America

Persistent operational challenges in Chile are leading to downward revisions of 2026 production forecasts, adding a supply-side risk premium to the market.