Copper Prices Push Higher on Pre Holiday Factory Rush in China

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Export Order Surge

Customs data indicates a spike in semi-finished copper exports from China, driven by robust demand from the European EV sector. This physical flow is draining SHFE inventories, pushing local prices higher.

Supply Disruptions

Labor strikes at major mines in Peru have entered a second week, threatening to impact February shipments. This supply-side friction is adding a risk premium to the already tight market.