China Demand Hopes Put Copper Market in Focus as Stimulus Draws Attention

Copper demand expectations in China are putting the metal market in focus as investors assess the potential impact of Beijing’s stimulus plans on commodity consumption.

China’s official manufacturing purchasing managers’ index rose to 50.1 in September from 49.8 in August. The reading marked a return to expansion after two consecutive months of contraction.

The data have kept China’s economic outlook at the center of attention for commodity investors as policymakers consider measures to support growth.

Centinela produced 240,400 metric tons of copper in 2025, accounting for more than 35% of Antofagasta’s total output.

The market is also watching copper demand linked to power infrastructure, electrification and data-center construction. China’s factory activity returned to expansion in September, adding to investor focus on Beijing’s stimulus plans and their potential impact on global markets and commodities.