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China’s Copper Squeeze Deepens as Buyers Scramble for Spot Metal

Bloomberg Markets Thursday 05 November 2026, 02:30 UTC By Jessica Zhou 1 min read
Key Points

Commodities China’s Copper Squeeze Deepens as Buyers Scramble for Spot Metal Copper buyers in China are scrambling for physical metal, with spot premiums soaring as supplies tighten sharply in the world’s biggest consumer. The premium for spot copper in Shanghai jumped to 1,900 yuan ($285) a ton over futures on Wednesday, the highest since 2021, according to data from Shanghai Metals Market. The surge is the latest sign that immediately available cathode is becoming increasingly scarce as...

Commodities China’s Copper Squeeze Deepens as Buyers Scramble for Spot Metal Copper buyers in China are scrambling for physical metal, with spot premiums soaring as supplies tighten sharply in the world’s biggest consumer. The premium for spot copper in Shanghai jumped to 1,900 yuan ($285) a ton over futures on Wednesday, the highest since 2021, according to data from Shanghai Metals Market. The surge is the latest sign that immediately available cathode is becoming increasingly scarce as production curbs by Chinese smelters tighten supplies.
China (LOCATION) Copper Squeeze Deepens as Buyers Scramble (ORG) Spot Metal Commodities China’s (ORG) Spot Metal Copper (ORG) Shanghai (LOCATION) Shanghai Metals Market (ORG) Chinese (ORG)
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