Back to Industry News
Cleantech
Bloomberg.com: Copper Prices Reach Record High Amid Supply Disruptions
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Bloomberg.com
Photo by Horst Joachims on Unsplash
TL;DR
Copper prices hit an all-time high on the London Metal Exchange, reaching $11,200 per ton due to anticipated easing of US-China trade tensions along with existing mine-supply disruptions and tariff-related trade imbalances. With a year-to-date increase of over 25%, copper is poised for its best annual performance since 2017.
Stay updated on stories like this
Key takeaways
- Copper prices surged to a record high on the London Metal Exchange, as reported by Bloomberg
- Three-month futures reached $11,200 per ton, exceeding the previous peak set earlier in 2024
- This price surge is fueled by anticipated easing of US-China trade tensions, providing renewed momentum to an existing rally
Copper prices surged to a record high on the London Metal Exchange, as reported by Bloomberg.com. Three-month futures reached $11,200 per ton, exceeding the previous peak set earlier in 2024. This price surge is fueled by anticipated easing of US-China trade tensions, providing renewed momentum to an existing rally. Underlying factors contributing to the increase include mine-supply disruptions and tariff-related trade imbalances. Year-to-date, copper has risen by over 25%, positioning it for its strongest annual performance since 2017.
Related Topics
coppersupply chaincommoditiesUS-China relationsmarket trends
Never miss stories like this
Verified mention available
Free to claim
Is this your company?
Set up real-time alerts and keep your Heartspace News coverage accurate. Verified teams can update profiles, request corrections, and collaborate on future stories.
Set up alerts Takes under 1 minute • Verified manually