Group 1 - The core factor driving the rise in copper prices is the continued tightness in supply, with several mining companies lowering their mid-term production forecasts and a significant number of cancellation requests for LME warehouse receipts [2] - The demand side is also strong, with steady growth in the rigid demand for copper from sectors such as electric vehicles, power grid construction, and AI data centers [2] - Institutions maintain an optimistic outlook for copper prices in the medium to long term, with expectations of new highs in 2026 due to ongoing U.S. interest rate cuts and a weaker dollar benefiting copper prices [2][3] Group 2 - The copper industry has seen active performance in related A-share sectors, with notable increases in stock prices for companies like Shengton Mining (up 17.36%) and Jiangxi Copper (up 13.96%) since November 28 [1] - The global copper supply is expected to face a structural shortage in the long term, with an estimated supply gap of 150,000 tons by 2026 due to limited new copper mining capacity [3] - The increasing power demand from AI data centers is projected to significantly boost copper demand over the next decade, contributing to stable and rapid growth in the industry [3]
供应偏紧 机构看好铜价中长期走势
Zhong Guo Zheng Quan Bao·2025-12-09 20:22