Bullish
Copper prices surge to $13,851 amid strong Chinese demand and declining inventories.
Over the past 24 hours, copper prices have risen to $13,851 per metric ton, driven by robust demand from China and decreasing inventories. This surge has positively impacted U.S.-listed copper mining stocks, including Freeport-McMoRan and Southern Copper. Additionally, Copper One Resources has initiated a fully funded 2,400-meter diamond drill program at its Redonda Copper-Molybdenum Project, aiming to expand its resource base.
Key points
- Copper prices hit a one-month high at $13,851, supported by strong Chinese demand and declining inventories.
- U.S. copper mining stocks, including Freeport-McMoRan and Southern Copper, rise in premarket trading following the price increase.
- Copper One Resources announces a fully funded 2,400-meter diamond drill program at its Redonda Copper-Molybdenum Project.
Sources
- Copper touches one-month high on Chinese shortages and Iran peace hopesBusiness Recorder · July 21, 2026
- U.S. copper mining stocks climb on rising metal pricesInvesting.com · July 21, 2026
- Copper One Resources Mobilizes Fully Funded 2,400 Metre Diamond Drill Program at Redonda Copper-Molybdenum ProjectTheNewswire · July 21, 2026
AI-generated from public news sources. Not financial advice.
