At the beginning of 2026, global brass market prices continued to rise, with the domestic average spot brass price accumulatively increasing by over 18% compared to November last year, and brass prices in the international market also experiencing a simultaneous increase.
The reasons for this price increase may be as follows:
1. Supply chain issues:
Due to labor disputes in South American copper mines and a decline in mine grades, the growth rate of global brass production capacity has slowed down to 3.2%.
2. Environmental protection policy:
Environmental protection regulations have been strengthened in many parts of the world, restricting the production of brass and exacerbating the tight supply situation in the market.
3. Rising demand:
The demand for brass from green industries such as new energy vehicles and electronic equipment continues to grow, further driving up prices.
Emerging markets in Asia contribute over 65% of global demand for brass. During China’s 14th Five-Year Plan period, the investment of 4 trillion yuan in the power grid and the increasing penetration of new energy vehicles have become the core engine of demand. It is expected that brass prices will remain high in the short term.
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