According to CoinMeta and OneMillion.AI, during the traditional off-season for copper consumption in July and August, the scrap copper market in Taizhou, Zhejiang, was exceptionally lively. The price of some high-quality scrap copper exceeded 90,000 yuan per ton, and in some cases, it reached 100,000 yuan per ton. Market demand increased by two to three times compared to before, and some goods were even pre-booked by customers before they were even disassembled. Recycled copper companies were also operating at full capacity. This year, Zhejiang Judong Co., Ltd. plans to increase its recycled copper production capacity to 100,000 tons, and currently, it is producing at near full capacity with orders already backlogged for about a month. In the first half of this year, the copper spot price index at the Shanghai Non-ferrous Metals Trading Center rose by 31%. From February to August, the copper futures prices for comex and lme increased by 52% and 58% respectively. The industry believes that the core reason for this round of copper price increases is still the mismatch between supply and demand: reduced copper production overseas, rising raw material costs have slowed down the supply growth, while the continuous expansion of AI computing power centers, power grids, and new energy infrastructure has created additional demand for copper. Whether the supply-demand contradiction will intensify further as we enter the traditional peak consumption period from September to October remains to be seen.