Beijing Eyes Expanding Strategic Copper Reserve, Adding Concentrates

  • China’s state-linked metals lobby is pushing to formalize larger copper buffers just as the US launches a $12B reserve plan and copper trades near record highs.

China may expand its copper stockpile as a strategic minerals security measure after its state-backed industry group urged the government to grow reserves and coordinate inventory building with state producers.

At an annual briefing on Tuesday, the China Nonferrous Metals Industry Association called for an expanded strategic reserve of copper and for collaboration with major state-owned producers to increase commercial inventories alongside state holdings.

Association-linked market experts also raised the possibility of adding copper concentrates to China’s strategic reserves, broadening the scope beyond refined metal into earlier-stage supply that can be processed later.

Altamira Gold Corp. — sponsored Sponsored · Altamira Gold Corp.

The call followed the US government’s unveiling of “Project Vault,” described as a planned $12 billion fund to build strategic mineral reserves intended to support domestic production and reduce reliance on Chinese supplies. In addition, the US Geological Survey added copper to its list of minerals critical to the American economy and national security last year.

Copper is also being examined for a potential tariff by the Trump administration, a review that spotlights supply-chain vulnerability and creates another channel for demand and inventory behavior to change quickly.

China is thought to have accumulated strategic mineral stockpiles, including copper, for decades to cushion against disruptions, and the association’s recommendation effectively argues for scaling that approach as supply security becomes a more visible national planning variable.

After a wave of mine disruptions and aggressive demand forecasts, copper prices have surged over the past year and recently hit a record high of $14,500 per ton in London.

Even after a massive metals-market selloff last week, copper’s performance has remained resilient versus key reference points. It is still up 40% versus the same time last year and up 4% since the start of 2026.


Information for this story was found via Mining.com and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

7 Junior Mining Stocks Our Viewers Asked Us to Review

This Copper Discovery Has 4X the Grade of Other Mines | Power Metallic – Lion MRE

Molybdenum Is Up 68% This Year. Nobody’s Talking About It. | EraNova PEA

Recommended

Mercado Minerals Signs LOI for La Franca, Adding 750 Metres of Undrilled Vein at Zamora

Goliath Hits Visible Gold In Bonanza Zone Step-Outs, Drills 9.12 g/t Gold Equivalent Over 11.27 Metres

Related News

China Targets Korean Firms in Rare Earth Export Clampdown

Chinese authorities have warned South Korean manufacturers they face sanctions if they supply products containing...

Tuesday, April 29, 2025, 02:56:00 PM

Copper Shortage Threatens AI Boom as Demand Set to Surge 50% by 2040

A looming copper shortage threatens to stall artificial intelligence development and clean energy expansion as...

Monday, January 12, 2026, 03:06:00 PM

Taiwan Extends Compulsory Military Service Amid Growing Tensions With China

With tensions between China escalating rapidly, Taiwan is looking to beef up its military in...

Wednesday, December 28, 2022, 10:09:00 AM

BHP Considers Reopening US Copper Mines After Trump Meeting

BHP Group is weighing the reopening of four defunct copper mines in Arizona and reprocessing...

Wednesday, October 15, 2025, 10:43:58 AM

Zambia Courts Global Carmakers for Local EV Production

Zambia is aggressively courting international automakers to establish electric vehicle component manufacturing plants near its...

Monday, July 7, 2025, 02:57:00 PM