China's Copper Market Q3 Review & Q4 Outlook: Will the Price Rally Hold?

Copper prices fluctuated in a historically high range in Q3 2026, but how much further can the rally go?

Mounting raw material shortages, and extreme global inventory dislocations amid U.S. tariff uncertainty, have propelled copper prices upward in Q3, with falling treatment charges (TCs), declining by-product profits, and tighter scrap availability constraining China's refined copper output. Yet, despite China's traditional peak consumption season in September and October, current demand has fallen short of expectations as high prices weighed on purchasing.

Looking ahead, Mysteel expects China's copper prices to remain elevated in Q4, with actual demand releases and U.S. tariff policies acting as major uncertainties. Join the webinar to dig deep into the key drivers, and gain price outlook through year-end!

Date and time: October 30, 2026, 4:00 PM - 5:00 PM (GMT+8, Beijing Time)

Platform: Zoom

Language: English

Registration Fee: Free of charge

Webinar topics:

1. How are Chinese smelters operating under deeply negative TCs, falling sulfuric acid prices, and tightening scrap availability?

2. How will the copper market evolve amid elevated prices and suppressed demand?

3. Will tight copper fundamentals outweigh macro-driven downside risks?

Our Speakers

Zhaorui Cui

Non-ferrous metals researcher specializing in the copper and tin industries. Expertise spans the full industrial chain -- from upstream mining to applications -- with an analytical framework covering macro policy, supply-demand fundamentals, and market dynamics.

Mingyuan Wang

Mingyuan Wang is an English Editor at Mysteel Global, specializing in the copper market, especially copper concentrate and copper semis sectors.