China's copper consumption is increasingly supplied by cheaper sources (Russian cathode at discounts, African LME offgrade material at discounts) which allow Chinese manufacturers to undercut global competitors, while Western consumption is flat and increasingly supplied from South America.
factualpending
Speaker
Simon MikhailovichEvidence Quote
“China is also supplied by LM offgrade material from Africa which gets sold at a discount to the lme price but whose quality is almost equivalent to an lme brand”
Created: 8/12/2026, 6:03:29 PM
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