Global copper supply and demand imbalance intensifies, with multiple factors driving inventory accumulation

2026-03-07 14:27:42

The latest industry overview indicates that by 2026, the copper market will be driven by strong demand from AI, large-scale infrastructure, and other sectors, while inventory levels continue to rise to multi-year highs. On the supply side, mining expansion faces cyclical constraints, and old stockpiles do not match the pace of new production. Market expectations suggest that future prices will remain volatile, and supply-demand conflicts may persist in the long term. (Shanghai Nonferrous Metals Network)

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