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Story summary
- Chinese copper buyers are extending their Lunar New Year break as high prices dampen demand.
- Some copper rod producers halted production early, affecting about one-fifth of China's capacity.
- If prices stay below 100,000 yuan when buyers return, demand could drop significantly.
- Copper futures are around $13,085 per ton, with rising inventories in China and the United States.
- The connection between industrial metals and China's economy appears to be weakening.
