Wang Weiwei, a non-ferrous metals analyst at Yide Futures, said that in 2026, insufficient flexibility in the supply of copper concentrate and smelters being forced to cut production to protect profits and tight inventories in Africa and the US will still be the core driving factors for the rise in copper prices. Artificial intelligence, energy, and globalization 3.0 will be important supports for the growth of copper consumption.

Wang Weiwei, a non-ferrous metals analyst at Yide Futures, said that in 2026, insufficient flexibility in the supply of copper concentrate and smelters being forced to cut production to protect profits and tight inventories in Africa and the US will still be the core driving factors for the rise in copper prices. Artificial intelligence, energy, and globalization 3.0 will be important supports for the growth of copper consumption.