Copper hits record $14,848 per ton
Copper prices on the London Metal Exchange have risen to a historical record.
Consensus
- Copper prices reached a historical maximum.
- The price increase is linked to uncertainty around U.S. tariff policies.
- Global demand for copper is rising due to investments in renewable energy and electrical infrastructure.
- Copper prices have increased significantly over the year, with a rise of nearly 17%.
- Stockpiles on the LME are at high levels, exceeding 765,000 tons.
- Copper is essential for renewable energy projects and data centers.
Points of divergence
- Copper prices reached $14,848 per ton. — kommersant
- Copper prices reached $14,617 per ton on the LME. — vedomosti
- Copper stockpiles on the COMEX exchange are at record highs, exceeding 765,000 tonnes. — kommersant
- Copper stockpiles at the Shanghai Futures Exchange have fallen to their lowest level since 2024. — vedomosti
- The price surge is primarily due to record imports of copper into the U.S. driven by tariff uncertainty. — kommersant
- The price rise is due to long-term supply-demand imbalance, with limited mining output and growing demand from data centers and renewable energy sectors. — vedomosti
- Norilsk Nickel's stock rose 6.17% to 135.2 rubles per share due to the copper price surge. — kommersant
- No information is provided about the stock performance of Norilsk Nickel or other producers. — vedomosti
- Analysts predict copper prices could reach $15,000 per ton. — vedomosti
- Norilsk Nickel earns more than a third of its revenue from copper and is currently making record profits. — kommersant
Coverage (2 sources)
- Copper price broke another record — Коммерсантъ
- Copper price on the London Metal Exchange has risen to a historical record — Ведомости