Explosion in the copper market / China's import premium record historical record in the shadow of supply tension The global copper market is facing a severe physical shortage. China's import premium (Yangshan) reached the highest historical peak with 700% growth in 2026, crossing $200. China's industrial demand, the reduction of warehouses and the transfer of global reserves to America due to the fear of tariffs were the driving force behind this jump. Also, the difference between current and future prices on the London Stock Exchange reached $217, indicating unprecedented pressure on the supply chain of this strategic metal.

Explosion in the copper market / China's import premium record historical record in the shadow of supply tension The global copper market is facing a severe physical shortage. China's import premium (Yangshan) reached the highest historical peak with 700% growth in 2026, crossing $200. China's industrial demand, the reduction of warehouses and the transfer of global reserves to America due to the fear of tariffs were the driving force behind this jump. Also, the difference between current and future prices on the London Stock Exchange reached $217, indicating unprecedented pressure on the supply chain of this strategic metal.