Copper news on February 7, 2025:

Price aspect

London Copper: Copper prices continued to rise in London, last trading at $9308, up 0.20%.

Shanghai copper: Shanghai copper main latest price 76820.00 yuan, up 910.00, up 1.20%, high open 76860.00, low open 76020.00, open 76250.00, close 76480.00.

Enterprise: Tongling Nonferrous Metals Group released the public bidding announcement of two ground busbars in the Jinxin copper industry. The bid number is WZGX-WJHB-20250269G and the bid deadline is 15:00 on February 11, 2025. This bidding involves two specifications of ground busbars. The contact of the purchasing unit is Yu Zhibin, and the contact information is 0562-5860883.

In terms of industry expectations: Chile's National Copper Commission (Cochilco) expects copper demand to reach 27.4 million tons in 2025, an increase of 3.2% over 2024, and expects copper prices to average $4.25 / lb in 2026.