Copper Prices Rally as Chinese Infrastructure Projects Accelerate Post Holiday

The China Infrastructure Bid

Stockpiles in Shanghai-bonded warehouses hit multi-month lows this week. As factories ramp up production for copper-intensive EV components and smart grids, the market is pricing in a sustained deficit for the first half of 2026.

Supply Friction

Mining disruptions in the DRC and labor negotiations in Chile are further tightening the concentrate market. This supply-side friction is providing a permanent scarcity premium that is protecting copper from broader macro volatility.