According to CoinMeta, Trafigura Group ( Trafigura Group ) has recently made large-scale purchases of copper in order to increase sales to the Asian market. As regional supply tightens, the competition for spot copper supplies has become increasingly fierce, driving spot copper premiums in Asia to record highs. Sources familiar with the matter revealed that over the past two weeks, this global copper trader headquartered in Singapore has approached multiple producers and traders in Asia to purchase large quantities of copper to be delivered in November and December. The sources also stated that Trafigura is particularly willing to pay higher prices than its competitors, which has contributed to a significant rise in spot copper premiums in Asia in recent weeks.