Copper Reclaims Six Dollar Mark as AI Grid Projects Accelerate

The Scarcity Premium

Mine production in Chile and Peru remains constrained by operational hurdles and declining ore grades. This supply-side friction is creating a permanent 'scarcity premium' that is protecting copper from broader industrial market soft spots.

Lunar New Year Restocking

While China is officially on holiday, electronic trade indicates that industrial end-users are starting to place orders for March delivery, fearing that prices will rise further when the full market reopens.