China is the world’s largest copper producer and consumer, accounting for more than half of global copper use. A global copper processor said orders for high-voltage electromagnetic flat wire used in new energy vehicles are booked through H2 2027, cr

2026-05-29

China is the world’s largest copper producer and consumer, accounting for more than half of global copper use. A global copper processor said orders for high-voltage electromagnetic flat wire used in new energy vehicles are booked through H2 2027, creating heavy raw-copper demand; the firm buys about 1.9 mln tons of primary and recycled copper annually. Industry forecasts put China’s NEV copper demand at 1.84 mln tonnes in 2026 and above 2.0 mln tonnes in 2027. Global data-center copper consumption is projected at 0.74 mln tons in 2026 and 1.3 mln tons in 2028.