China tightens steel rules as copper hits record high

MSN
2026.05.19 02:53
portai
I'm LongbridgeAI, I can summarize articles.

China has implemented stricter steel regulations, mandating the closure of 1.5 tons of old capacity for every new ton built to address oversupply. Meanwhile, copper prices have soared past $6.00/lb due to reduced mine output and increased demand from power grid and data center projects. These developments may affect costs and supply chains in construction, manufacturing, and technology sectors, impacting trade and investment strategies.