Copper Marches Toward Record Highs

2026-01-05 05:53 By Jam Kaimo Samonte 1 min. read

Copper futures rose above $5.8 per pound on Monday, moving closer to the record levels reached in July last year on tightening global supply conditions.

Concerns over potential US tariffs have prompted traders to redirect shipments into the US, tightening availability at major trading hubs such as London and Shanghai.

Prices were further supported by supply disruptions following the start of a strike at Chile’s Mantoverde mine, where union members are seeking a larger share of profits amid surging metal prices.

Last year, copper gained more than 40%, marking its strongest annual performance since 2009, driven by supply shortfalls, robust demand, and heightened trade-related concerns.



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