Copper Gains in Broad Metals Rebound

2026-09-17 04:25 By Jam Kaimo Samonte 1 min. read

Copper futures climbed to around $6.45 per pound on Thursday, marking a third consecutive session of gains as the broader metals complex rebounded following a widely anticipated interest rate hike by the US Federal Reserve.

However, investors remained cautious after the Fed signaled that additional rate increases could be necessary as policymakers work to curb persistent inflationary pressures, which could weigh on non-yielding metals.

Copper also found support from long-term demand expectations tied to data centers and renewable energy, alongside supply disruptions at major mines.

Meanwhile, copper fell to multi-week lows earlier this week after reports that the Trump administration had delayed a decision on imposing tariffs on refined metal.

Warehouses monitored by the London Metal Exchange also received fresh copper deliveries and posted their largest inflows in nearly four weeks, pushing London prices into contango and indicating ample near-term availability.



News Stream
Copper Gains in Broad Metals Rebound
Copper futures climbed to around $6.45 per pound on Thursday, marking a third consecutive session of gains as the broader metals complex rebounded following a widely anticipated interest rate hike by the US Federal Reserve. However, investors remained cautious after the Fed signaled that additional rate increases could be necessary as policymakers work to curb persistent inflationary pressures, which could weigh on non-yielding metals. Copper also found support from long-term demand expectations tied to data centers and renewable energy, alongside supply disruptions at major mines. Meanwhile, copper fell to multi-week lows earlier this week after reports that the Trump administration had delayed a decision on imposing tariffs on refined metal. Warehouses monitored by the London Metal Exchange also received fresh copper deliveries and posted their largest inflows in nearly four weeks, pushing London prices into contango and indicating ample near-term availability.
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Copper Hits 8-week Low
Copper decreased to 6.20 USD/Lbs, the lowest since July 2026. Over the past 4 weeks, Copper lost 3.04%, and in the last 12 months, it increased 40.22%.
2026-09-16
Copper Holds Decline on Easing Supply Worries
Copper futures held below $6.4 per pound, hovering near seven-week lows as fresh deliveries to London warehouses eased concerns over supply. Warehouses monitored by the London Metal Exchange recorded their largest inflows of the metal in nearly four weeks, pushing London prices into contango and signaling ample availability. Copper prices surged to record highs last week as traders redirected shipments to US warehouses ahead of potential tariffs on refined metal, before retreating sharply following reports that the Trump administration had postponed a decision on the matter. The broader metals complex also remained under pressure ahead of an expected US Federal Reserve interest rate hike this week. Elsewhere, data from top consumer China showed industrial output expanded more than expected in August, while retail sales, fixed asset investment and new home prices pointed to continued weakness in economic activity.
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