Strong demand coupled with tightening supply has caused the premium for Chinese copper spot prices to soar to a 16-month high.

Zhito Finance APP learned that, as buyers scramble to ensure supply, an indicator measuring the strength of demand in the Chinese copper market has surged to its highest level since the end of 2023. According to data from the research institution Shanghai Metal Market, the Yangshan Copper Premium has jumped from a low of $35 per ton at the end of February to $93 per ton on Monday.