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Chinese Copper Buyers Extend Holiday as Prices Soar, Demand Weakens

Chinese copper buyers extend Lunar New Year holiday amid record prices, weakening demand. Copper futures rise despite soft Chinese consumption as investors focus on long-term supply risks.

This development matters because copper is a critical industrial metal essential for construction, electronics, and the global transition to renewable energy and electric vehicles. The divergence between weakening Chinese demand and strong investor sentiment reflects broader market tensions: while high prices currently suppress consumption, long-term supply constraints could drive even higher prices as electrification accelerates globally. For consumers, this could mean increased costs for everything from home wiring to electric vehicles. For investors, it highlights opportunities in copper mining companies and underscores the complex dynamics between immediate economic conditions and long-term structural trends in commodity markets.