Bullish
Copper prices hit record high of $14,617 amid supply concerns and U.S. tariff fears.
Copper prices have surged to a record high of $14,617 per ton on the London Metal Exchange, driven by tight near-term supplies and expectations of U.S. tariffs on refined copper imports. This rally reflects a combination of constrained mine output and increased demand from sectors like data centers and renewable energy.
Key points
- Copper prices reached an all-time high of $14,617 per ton on the London Metal Exchange, marking a significant rally.
- Global copper mine output declined by 1.1% in the first half of 2026, contributing to supply tightness.
- The U.S. imported a record 200,000 tons of refined copper in July 2026, ahead of potential tariffs, draining global inventories.
- Analysts anticipate copper prices could reach $15,000 per ton if demand continues to outpace supply.
Sources
AI-generated from public news sources. Not financial advice.
