Archive · 29 Sep 2025
Copper Prices Rise on Weaker Dollar and Supply Concerns
Copper prices went up because the dollar became weaker, making copper cheaper for buyers.
Also, there are worries about not enough copper being made because of a problem at a big mine in Indonesia.
The price of tin also went up.
This is because Indonesia shut down many illegal tin mines.
The suspension of operations at the Grasberg mine, the second-largest copper mine in the world, is contributing to supply concerns.
Meanwhile, China, a big user of metals, is slowing down how fast it makes metals, though profits returned to growth.
All these things caused the prices of copper and tin to increase.
Copper prices increased by 2.4% on the London Metal Exchange.
Copper is up 5% this month.
Tin prices reached their highest level in almost six months.
Concerns over supply rose after an accident at the Grasberg mine in Indonesia.
Indonesia ordered the closure of around 1,000 illegal tin mines.
- Who
- Copper and Tin markets
- What
- Copper prices rose, tin prices increased
- When
- September 29th
- Where
- London Metal Exchange, Indonesia
- Why
- Weaker dollar, supply concerns from mine disruptions, and mine closures
- Copper Price Increase
- 2.4% to $10,418 per metric ton
- Copper's September Performance
- Up 5%
- Tin Price
- $35,440 per ton, highest since April 4th
- Tin Mine Closures
- Indonesia ordered closure of ~1,000 illegal mines
- Grasberg Mine Incident
- Suspended operations due to mudslide
- China Production Growth Target
- 1.5% for non-ferrous metals (2023/2024 was 5%)