The world's largest copper consumer imported a large amount of copper ore in August – Gate Research Team

The Gate research team released the latest report on October 24, 2025, analyzing the import data of the world's largest copper-consuming countries and its impact on the copper market.

Copper prices fluctuate due to multiple influencing factors.

The report indicates that copper prices recently fell below the $10,000 per ton mark, primarily influenced by uncertainties in the global economic outlook. The chief analyst of the Gate research team stated: “The latest employment data has intensified market concerns about slowing economic growth and weakening demand, and this concern seems to have overshadowed expectations for potential early interest rate cuts by central banks in the short term.”

Import data reflects changes in demand

The latest trade data shows that the copper import volume of the world's largest copper consumer has decreased compared to the previous month, reaching its lowest level in 7 months. The Gate research team believes: “This data reflects the country's current copper demand is relatively weak.”

However, it is worth noting that the country's copper ore import volume has significantly increased for two consecutive months. In August, the import volume reached 2.76 million tons, second only to the historical record. The Gate research team pointed out: “The cumulative copper ore import volume in the first eight months of this year increased by nearly 8% year-on-year, reaching 20 million tons. This trend helps alleviate market concerns about the raw material supply shortage from the world's largest copper producing country, while also indicating that the country's copper output may remain at a high level.”

Emergencies or Supply Impact

The report also mentioned that the world's second-largest copper mine has recently suspended operations due to an accident, which has driven a rebound in copper prices. The Gate research team stated: “It is currently unclear what the specific impact and duration of this accident will be, but it may have some effect on short-term supply. We will continue to monitor the situation as it develops.”

The Gate research team reminds investors that the metal market is influenced by various factors, and price trends may experience significant fluctuations. Investors should fully consider market risks and act with caution when making decisions.