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Market news: Europe plans to purchase Patriot missile systems from the United States to protect Ukraine through the winter.

2026-09-08

Market news: Europe plans to purchase Patriot missile systems from the United States to protect Ukraine through the winter.

Other News
2026-09-08

Market news: Russian Foreign Minister Sergey Lavrov met with the visiting Saudi Foreign Minister in Moscow, and the two sides are holding talks.

Market news: Russian Foreign Minister Sergey Lavrov met with the visiting Saudi Foreign Minister in Moscow, and the two sides are holding talks.
2026-09-08

LME three-month copper prices broke through January's high and set a new record. Grid expansion, data centers, and electrification are indeed providing long-term demand support, with the IEA predicting copper demand will increase by approximately 7 m

LME three-month copper prices broke through January's high and set a new record. Grid expansion, data centers, and electrification are indeed providing long-term demand support, with the IEA predicting copper demand will increase by approximately 7 million tons by 2040. Supply is also under pressure: global mine production fell 1.1% in the first half of the year, and Chilean copper production in July decreased by 9.4% year-on-year to 403,400 tons. However, according to Reuters, this record high cannot be simply attributed to "global inventory depletion." Potential US tariffs on refined copper have attracted a large influx of metal into COMEX, leading to a decline in LME and other non-US market inventories; meanwhile, there was still a global surplus of approximately 131,000 tons of refined copper in the first half of the year.
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