Copper Hits Fresh Record

2025-12-29 04:08 By Erika Ordonez 1 min. read

Copper futures climbed to $5.8 per pound, hitting new record levels on tight global supplies.

London Metal Exchange futures reached $12,960 a ton, tracking strong gains in Shanghai and New York.

Prices have surged over 15% in December alone, with year-to-date gains approaching 50% amid supply concerns.

Unplanned mine outages, including Freeport-McMoRan’s Grasberg mine in Indonesia, which declared force majeure and cut 2026 output guidance, have added pressure.

Expectations of US tariffs on refined copper have also prompted traders to send large volumes to American warehouses, reducing stockpiles elsewhere.

Copper demand remains strong long-term, supported by the global energy transition.

Market watchers note that ongoing supply constraints, potential Fed rate cuts, and structural demand from renewable energy projects are likely to keep copper in focus as 2026 begins.



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