Key China Copper Gauge Flashes Warning As Mysteel Global Warns Metal Is "Sold Out Everywhere"
Summary
Key China Copper Gauge Flashes Warning As Mysteel Global Warns Metal Is "Sold Out Everywhere" Deglobalization , decades of underinvestment in mining, rising copper demand tied to the AI data center buildout, and surging US stockpiling ahead of potential import tariffs have pushed copper prices to record highs, approaching $15,000 a ton in London. The resulting supply squeeze is forcing Chinese buyers to compete more aggressively for physical metal, driving the Yangshan premium, which measures what importers pay above London benchmark prices, to its highest level on record, Bloomberg reports…
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Key China Copper Gauge Flashes Warning As Mysteel Global Warns Metal Is "Sold Out Everywhere"
Key China Copper Gauge Flashes Warning As Mysteel Global Warns Metal Is "Sold Out Everywhere" Deglobalization , decades of underinvestment in mining, rising copper demand tied to the AI data center buildout, and surging US stockpiling ahead of potential import tariffs have...
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