Archive · 1 Dec 2025
Copper Hits Record High on LME
Copper prices have been going up a lot.
On Friday, they reached a record high on the London Metal Exchange.
This happened because there isn't enough copper available, and trading was stopped for a while in Chicago, which made things more unpredictable.
People are also sending more copper to the US because it's more expensive there.
Some experts think this could make the copper supply even tighter around the world.
On Monday, copper prices in the US went up to $532.55 per pound, and on Friday, they reached $11,210.5 per ton on the London Metal Exchange.
Copper hit a record high on the London Metal Exchange (LME) on Friday.
Trading halt on the Chicago Mercantile Exchange caused liquidity issues and increased volatility.
Copper prices have risen 13% on the LME since the end of August due to supply shortages.
Traders are increasing shipments to the US to capitalize on higher prices there.
Kostas Bintas from Mercuria Energy Group warns of potential global copper inventory depletion.
- Who
- Traders and analysts, including Kostas Bintas from Mercuria Energy Group
- What
- Copper prices hit record highs and increased volatility in trading
- When
- Record high on Friday, continued rise on Monday in Asia
- Where
- London Metal Exchange (LME) and Comex (US)
- Why
- Supply tightness, trading halt, and potential future tariffs
- Price Increase (LME since August)
- 13%
- Trading Halt Location
- Chicago Mercantile Exchange
- Supply Concern
- Risk of draining global inventories