Jiangxi Copper Group's First Overseas Factory in Zambia Commences Full Production

Grupo México expects the global copper market to remain in a slight deficit in 2026, supported by a resilient US economy and accelerating demand across decarbonization technologies, artificial intelligence, and electric vehicles. Speaking during an analyst call on Wednesday, Leonardo Contreras, head of the company's mining unit, emphasized that current supply and demand dynamics lean toward a tight global market. The constructive market outlook follows the conglomerate's quarterly financial results released on Tuesday, which revealed a 79% jump in net profit fueled by higher benchmark copper prices. Rapid expansion in energy transition initiatives, EV production, and power-intensive AI data center infrastructure continues to absorb refined copper supply at a robust pace. Simultaneously, steady industrial activity in the United States provides a solid macro floor for physical consumption. Given the extended lead times and operational hurdles involved in bringing new mine capacity online, fundamental demand growth is set to outpace mine supply additions heading into 2026.

According to the latest data from the General Administration of Customs, China imported 210,900 mt in physical content of copper scrap and shredded copper scrap in June 2026.......