Copper Prices Remain High,抑制 Consumption but Potential for New Orders if Prices Decline

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 04 Sep , 2026

Vizsla Copper has reported initial assay results from its ongoing 12,250-metre diamond drilling programme at the Palmer copper-zinc VMS project in southeast Alaska, confirming a broad high-grade copper-zinc intersection within South Wall Zone 1. Drill hole CMR26-199 returned 49.2 metres grading 4.7% CuEq, comprising 3.05% copper, 4.85% zinc, 21.88 g/t silver and 0.33 g/t gold. The interval included 27.0 metres at 8.4% CuEq, including a higher-grade section of 13.1 metres at 10.3% CuEq, containing 9.03% copper, 1.83% zinc, 42.74 g/t silver and 0.78 g/t gold. A second hole, CMR26-201, confirmed high-grade mineralisation further downdip, returning 40.4 metres at 3.0% CuEq, including 25.6 metres at 3.7% CuEq and 12.2 metres at 4.9% CuEq. Vizsla said the two holes confirm continuity of the high-grade copper core at South Wall Zone 1 and extend the mineralised system downdip. Earlier drilling had identified the same 49.2-metre mineralised interval visually, with an estimated true thickness of approximately 39 metres, before assay results became available. Following encouraging early results, Vizsla expanded its 2026 Palmer drilling programme from 10,000 metres to approximately 12,250 metres. Current drilling is focused on the HG Prospect and Palmer Extension Target, while results from an additional 15 drill holes across the HG, AG, South Wall Zones 2–3 and Waterfall targets are expected between late September and early November, subject to laboratory turnaround times. The latest assays are significant because they convert earlier visual observations at Zone 1 into confirmed high-grade copper-zinc results and demonstrate continuity of the mineralised system downdip. However, Palmer remains at the exploration and resource-growth stage, meaning the results do not represent an immediate increase in copper supply. The near-term focus will be on whether the remaining 2026 drilling can further expand the high-grade core and support future growth of the project’s existing resource base.