Jan. 30 at 5:22 AM
$SCCO $COPX $FCX Well ... whatda know/ There is no copper shortage! China has too much! As of early 2026, China is experiencing a significant, record-high accumulation of refined copper and an overall surplus, driven by dominant domestic production, even as industrial demand weakens and buyers pull back from record-high prices. This excess supply is putting pressure on global markets, with a projected 300 kilotonne global surplus for 2026.