MYSTEEL: China's copper price seen hitting record in '26 on tight supply

Source: Mysteel Jan 15, 2026 17:10

Copper prices are on track to scale fresh all-time highs in 2026, propelled by a convergence of tightening fundamental factors, Mysteel annual report on the red metal notes.

The report forecasts a further rise in the annual average price this year, suggesting that the price this half will outperform that in the second half, with a new peak anticipated at the start of the second quarter. While tightening supply is projected to provide robust support for prices, a

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