Lates News

According to a research report by CITIC Securities, against the background of major disruptions in existing projects and bottlenecks in new projects, the global production of major copper mining companies is expected to decrease by nearly 5% year-on-year in Q3 2025, with a continued contraction in Q4. The scarcity of raw materials and potential "anti-involution" will contribute to a contraction in domestic refined copper supply in Q4, combined with stable demand. Domestic inventories are expected to gradually be depleted, while next year's supply constraints and steady demand will help widen the global refined copper supply gap by 50%. The LME copper price is expected to exceed $10,000 per ton, demonstrating strong upward elasticity. It is recommended to seize the opportunity to invest in the copper sector.