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2026-05-28 08:53:00
[“Orders are booked until the second half of 2027!” Another industry is experiencing a surge in orders.] my country is the world's largest producer and consumer of copper products, accounting for more than half of global copper consumption. Copper is a key raw material supporting the development of traditional manufacturing and is also an essential material for emerging industries such as AI. An executive of a leading global copper processing company stated that market demand is currently strong. Orders for high-voltage electromagnetic flat wire products for new energy vehicles are already booked until the second half of 2027, resulting in a massive consumption of raw material copper. The company purchases approximately 1.9 million tons of primary and recycled copper annually. Since the beginning of this year, international copper prices have continued to rise. As of 5 PM on the 27th, the London Metal Exchange (LME) copper price was $13,638 per ton, still at a high level in recent years. Due to the supply shortage of midstream and downstream products using copper as a raw material, upstream mines are operating at full capacity. (CCTV)
