Copper Prices Soften as Markets Await Chinese Post Holiday Restart

Supply Chain Vulnerability

Despite the price dip, the structural deficit remains a major talking point. Operational hurdles in Chile and Peru continue to limit the output of high-grade cathode, ensuring that LME inventories remain near record seasonal lows.

Grid Modernization Outlook

The long-term demand from data center power infrastructure is providing a price floor. Strategic buyers are expected to re-emerge if prices test the $5.80 level, viewing the current softness as a temporary entry point.