🇨🇳 China Moves to Boost Copper Inventories After Record Rally

China—the world’s largest consumer of industrial metals—is planning to expand copper inventories to secure supply as prices hit record highs.

🔑 What’s changing:

• Beijing is shifting its strategy amid extreme price volatility

• Focus on strengthening commercial copper stockpiles

🗣️ Official insight:

Duan Shaofu, Deputy Secretary-General of the China Nonferrous Metals Industry Association, said China will explore cooperation with key state-owned smelters to increase inventories.

📊 Why it matters:

This move signals supply-security concerns and could further influence global copper prices, especially as demand remains strong.

#Copper #China #Commodities #IndustrialMetals #Macro #GlobalMarkets #BinanceSquare