EconomicChina·30 Oct 2026
Chinese Copper Premiums Reach Record Highs Amid Supply Scarcity
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Chinese copper premiums, specifically the Yangshan premium, reached a record high of over $200 a ton as buyers competed for physical supply in Shanghai. This supply squeeze occurred alongside London copper prices nearing $15,000 a ton, driven by deglobalization, long-term mining underinvestment, AI data center demand, and U.S. stockpiling ahead of potential…
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