US EditionSupply and Tariff Woes Send Copper Prices to Record High Above $12,000
Copper prices rose over 35% this year due to mine accidents and tariff fears, with analysts forecasting the largest market deficit in over 20 years, Deutsche Bank said.
- On Tuesday, copper prices topped $12,000 a ton on the London Metal Exchange for the first time amid supply disruptions and U.S. trade-policy concerns.
- Supply-Side disruptions from fatal accidents and output cuts earlier this year reduced global copper production at mines in Indonesia, the Democratic Republic of Congo and Chile, tightening the market.
- Buyers piled copper into American warehouses amid tariff threats from the Trump Administration, opening an arbitration trade that raised Comex prices and reduced global metal availability.
- Analysts at Jefferies see the market staying in deficit next year, with the bank forecasting demand will exceed supply by about 600,000 tons.
- The metal's rally—up more than 35% this year—reflects strong demand expectations from electrification and artificial intelligence , while Citigroup outlined a $15,000 bull-case scenario.
11 Articles
11 Articles
Copper prices hit record high of $12,000, rise 35% YTD — here's why
On a year-to-date (YTD) basis, copper has surged over 35% — heading for its strongest annual gain since 2009. The possibility of US import tariffs on the metal has been a key driver behind this year’s price rise.
The prices of copper reached historic highs this Tuesday and exceeded the barrier of 12 thousand dollars per ton, in an atmosphere of scarce end-of-year operations that gave wings to speculative purchases thanks to the weakness of the dollar and the concern for the reduction of the supply. At 1700 GMT, the reference copper to three months in the London Metal Exchange (LME) earned 1.1%, at 12 thousand 058.5 dollars a ton, after touching a peak of…
Supply and Tariff Woes Send Copper Prices to Record High above $12,000
Copper prices hit a fresh high on Tuesday, rallying above $12,000 per ton on the London Metal Exchange, and on track to post their biggest annual gain since 2009, as supply disruptions and U.S. trade policies have created concerns about shortages. On Tuesday midday, copper prices hit as much as $12,044 per ton on the London Metal Exchange (LME), crossing the $12,000 a ton threshold for the first time ever. Prices have rallied and set several rec…
Peru and Chile could “tremble” the world with a mining pole: this is missing to take advantage ofWhile international gold, copper and silver prices go through one of their best moments in years, Peru maintains a long list of mining investment projects without a clear horizon.Only this week before the close of 2025, gold prices exceeded US$4,500 per ounce, while copper broke the US$12,000 per ton barrier. However, in Peru almost nine out of every…
We know that gold and silver prices are increasing day by day these days. However, it is not only gold and silver that are reaching the sky in the global commodity market. Another metal is also reaching record highs and that is copper. Its demand is increasing due to electric vehicles, AI data centers and numerous other industrial uses. This is the reason why its price is also seeing a phenomenal rise. On Tuesday evening, it crossed a record hig…
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