US EditionRecord copper price signals accelerating race for supplies
- On Monday, copper prices surged above $13,000 a metric ton on fears of shortages and concerns that turmoil in Venezuela could accelerate the race for critical minerals.
- Mine disruptions have intensified worries as operations beyond design capacity caused a mud-rush failure at Grasberg mine, Freeport-McMoRan , while a strike at Mantoverde mine, Capstone Copper added to concerns.
- Analysts point to strong AI and EV demand driving a 40 per-cent price rise last year, while Citi estimates a 308,000 ton deficit this year and Macquarie notes 360,000 tons off exchange.
- SP Angel analyst John Meyer said prices must rise further to persuade miners and producers to generate significant new copper production.
- Traders moved metal into Comex warehouses , boosting stocks to 499,841 short tons as U.S. import tariffs on copper remain under review despite exemption from August 1 levies.
33 Articles
33 Articles
der Standard AT
der Standard DETraders pointed to a regional relocation of stocks due to concerns about US tariffs
UBS: "Copper Is The Commodity Everyone Wants To Own"
UBS: "Copper Is The Commodity Everyone Wants To Own" Goldman's "circular melt-up" call and its recent upgrade to the 2026 London Metal Exchange (LME) copper price forecast have so far proven correct, as the industrial metal surged above $13,000 a ton with traders continuing to price in tighter global supply and a broader risk-on mood across metals. Three-month LME copper futures rose as much as 3.1% to a record $13,387.50, surpassing the previou…
A strike and possible new US tariffs lead to a significant price increase in the industrial metal.
Gold exceeds $4,460 per ounce driven by the growing demand for shelter goods. And copper continues its race and touches a new record above $13,000 per ton
As is already the trend, copper re-registered a new historic peak. On this occasion it was driven out of fear that there will be more scarcity of the mineral and the fall of the Venezuelan leader, Nicolás Maduro. The spot price of copper in the London Metal Exchange rose US$2.49 to US$5.84 the pound, its highest value recorded in history. Thus, the ton reaches US$12,840. On the day in the British Stock Exchange weighed the fears of greater scarc…
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