Shanghai-bonded copper stocks edge up 500 mt on week

Hon Hai reported October revenue of NT$1.31 trillion (about $39.7 billion), up 46% year on year, reflecting continued build-out of global AI infrastructure and sustained demand for Nvidia servers. September revenue rose 38% year on year to a record NT$1.16 trillion, lifting third-quarter revenue 47% to NT$3.03 trillion, 7% above market expectations. Cloud and networking, driven by AI server demand, were again the main growth engine, with computing products and components also growing. Consumer electronics revenue was flat despite higher average iPhone prices. Analysts expect growth momentum to extend into Q4 as Vera Rubin shipments ramp up and seasonal IT factors lend support.

The 2026 China 5G+ Industrial Internet Conference will be held in Wuhan, Hubei, from Nov 18 to 20. The event will launch the second batch of national pilot cities for "5G+ Industrial Internet" integrated applications, debut the "1+M+N" industry nodes for national computing interconnection, and start the regional (Hubei) node of the national computing interconnection network. It will also link the National Manufacturing Fund, the Yangtze River Industry Fund and a future industry (6G) fund for on-site industry-finance matching to promote integration of technology and capital.