SHFE Copper Center Shifted Upward, Some Copper Semis Enterprises Planned to Shut Down Furnaces and Cut Production

India’s cable and wire industry is expected to achieve around 30% revenue growth in the coming fiscal year, supported by infrastructure investment, manufacturing expansion, and construction activity. Industry groups said higher copper and aluminum prices are increasing costs but also lifting selling prices. Continued investments in grid modernization and renewable energy are expected to drive stronger copper consumption. Analysts see India emerging as a major contributor to global copper demand growth.

Goldman Sachs and Citi have turned increasingly bullish on copper, citing mounting supply-side risks across the global market. Goldman Sachs and Citi highlighted disruptions at Kamoa-Kakula, delays at Grasberg, and declining ore grades at major mines as key concerns. Meanwhile, demand from AI infrastructure, power-grid expansion, and clean-energy projects continues to strengthen. Both banks believe copper prices could remain well supported in the coming months.

CopperTech Metals filed for a U.S. IPO on June 2 as it seeks to benefit from rising global copper demand. The company, formed around Vedanta’s Konkola Copper Mines operations in Zambia, reported revenue of $1.33 billion for fiscal 2026, up sharply from $398 million a year earlier. CopperTech said IPO proceeds will support production expansion and exploration activities tied to growing demand from AI data centers, energy transition projects, and defense industries. Investors increasingly see future copper supply as a strategic growth theme.