Archive · 14 Jan 2026
Metals Market Cools After Strong Start
Aluminum and copper prices have taken a small break after a very strong start to the year.
Aluminum dropped a little from its highest level in over three years, and copper stayed near its record high.
Investors are thinking about what might happen next.
They're worried about demand, especially in China, and about possible problems between the US and China.
The prices of metals have been going up because people think there won't be enough supply to meet demand.
Also, the growth of artificial intelligence has made people more interested in buying metals like copper, which are used in electronics.
Tin has gone up a lot too, almost 40% last year, because of problems with supply from Indonesia.
Right now, aluminum is at $3,177 per ton, copper is at $13,226 per ton, and tin is near a record high of $51,000 per ton.
Aluminum slipped from its highest level in over three years, while copper steadied near a record high.
Investors are concerned about potential softening demand, especially in China, and elevated geopolitical risks.
President Trump's announcement of tariffs on countries doing business with Iran could impact China and hurt risk assets like metals.
The LMEX Index, tracking main base metals, closed at its highest since March 2022, driven by supply-demand expectations and Federal Reserve rate cuts.
Tin has been the standout performer, nearing a record high due to supply constraints from Indonesia.
- Who
- Investors and traders in the metals market
- What
- A cooling of aluminum and copper prices after a strong start to the year
- When
- Recent days, with specific price changes noted on Monday and Tuesday
- Where
- Global markets, with a focus on the London Metal Exchange (LME)
- Why
- Concerns about demand, particularly in China, and geopolitical risks, as well as supply constraints and speculative buying
- Aluminum Price
- $3,177 per ton
- Copper Price
- $13,226 per ton
- Tin Price
- $51,000 per ton
- LMEX Index
- Highest since March 2022
- Copper Record
- Above $13,000 per ton
- Aluminum High
- Highest since April 2022
- Tin Surge
- Almost 40% in 2025