Copper cathodes (HS 740311) are the primary refined copper product traded globally, serving as the feedstock for wire rod, tube, and alloy production. Supply is highly concentrated in Chile, Peru, and the DRC, making pricing and availability sensitive to mine output disruptions, labor strikes, and geopolitical risk. Prices are benchmarked against LME copper and are heavily influenced by Chinese industrial demand, the global energy transition, and USD fluctuations.
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