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30.10.26 - 12:30
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Key China Copper Gauge Flashes Warning As Mysteel Global Warns Metal Is "Sold Out Everywhere" (ZeroHedge)
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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.The Yangshan premium is the extra amount Chinese buyers pay above the London Metal Exchange benchmark to secure physical imported copper. That metric topped $200 a ton, according to Fastmarkets data going back to 2017.Xiao Chuankang, a copper analyst at Shanghai-based commodities consultancy Mysteel Global, was quoted by the outlet as saying that the industrial metal is "sold out everywhere" and "the premium...
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27.10.26 - 06:36
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Webuild, Odebrecht in Line to Build Key African Copper Rail Line (Bloomberg)
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Italy's Webuild SpA and Brazil's Odebrecht Engenharia & Construção SA are key members of groups that have been selected as preferred bidders to build an 830-kilometer (516-mile) section of the Lobito Corridor rail connecting central Africa's copper and cobalt fields with a port on Angola's Atlantic coast....
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