Copper Pricing Disconnect Emerges Between Financial Flows and Fundamentals

The EU's industry chief Stephane Sejourne has decided to propose a broad ban on exports of waste, includingaluminium scrap, to non-OECD countries, a statement from Sejourne's cabinet said on Friday.Sejourne had been expected to present long-awaited trade measures on September 23, which would have only limited exports of aluminiumscrap."In the internal discussions, it appeared that the tool proposed could only cover around a half of the scrap export. As a result, the Executive Vice-President has decided to withdraw the proposal and to explore a proposal, independent from trade instruments," the statement said."We are now working on a delegated act under the Waste Shipment Regulation. This delegated act will ban exports of waste, including aluminiumscrap to non-O

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 07 Sep , 2026

The 300,000 mt/year copper cathode expansion project of JCC Hongyuan Copper, a subsidiary of Jiangxi Copper Corporation, entered the pre-approval public notice stage of its environmental impact assessment on September 4, with a total investment of approximately 1.416 billion yuan. The project is planned to start construction in September 2026 and be completed in December 2027. Upon completion, JCC Hongyuan's total capacity will jump from 250,000 mt to 550,000 mt.