Copper, lithium unlikely to match gold’s gains as output rises: Goldman

Producers across the world are likely to ramp up output of commodities such as copper and lithium, limiting the kind of runaway price gains seen in gold even as markets anticipate a prolonged rally in raw materials, Goldman Sachs said. Gold has surged to record highs, while a range of other commodities have also climbed, as governments and investors seek …

Continue Reading

Indonesia tightens control on nickel as the US and China scramble for critical minerals

Indonesia is tightening state control over the world´s largest nickel supply after years of betting the metal would anchor a homegrown electric-vehicle industry, and just as global demand begins shifting away from heavy reliance on nickel. The move could still ripple through global EV supply chains as the United States and China compete for critical minerals. Indonesia sits at the center of …

Continue Reading

Copper price eases as global smelting activity hits decade low 

After rallying through 2025 (not without some deep troughs) and into this year driven by supply disruptions in Indonesia and South America alongside tariff disruptions, copper prices are pulling back again.  Copper for March delivery fell over 3% in New York to $5.78 a lb. or $12,740 a tonne on Thursday and is now trading 12% below highs hit just …

Continue Reading

Nickel price rally meets scepticism over Indonesia output cut

Nickel prices surged late last year after Indonesia announced plans to slash ore production by a third in 2026 – but analysts at Panmure Liberum are urging caution. The move would see output fall by 34% from 2025’s level of 379 million tonnes. Given that Indonesia accounts for over 60% of global mined supply, the initial announcement triggered a sharp …

Continue Reading

Copper Rebounds as China Industry Group Calls for Stockpiling

Copper rebounded as a metals selloff led by silver and gold eased and a state-backed industry group called for China to boost its strategic reserves of the crucial industrial metal. China should expand the size of the reserves and also work with major state-owned producers to boost commercial stockpiles, according to the China Nonferrous Metals Industry Association, which held an …

Continue Reading

Citi warns of copper market disconnect, sees hedging opps for energy producers

Citi warned of growing risks in commodities markets, as copper prices surged this week despite what analysts see as weak fundamentals, while oil and gold markets reacted to heightened tension in the Middle East. In a note first published on Thursday, Tom Mulqueen, Citi’s head of metals research, said copper could rise as high as $15,000-$16,000/t in the coming weeks, …

Continue Reading

Copper surges to record high in ‘unsustainable’ rally, joining silver and gold in 2026 metals frenzy

It’s not just silver (SI=F) and gold (GC=F) surging to record highs — copper is also ripping to a record as the metals complex continues to be the defining trade of 2026. Copper futures (HG=F) were up 10% on Thursday morning, topping $13,000 per ton as supply chain disruptions, trade policy, and quickly growing demand have pushed prices higher. Priced per pound, …

Continue Reading

Copper tops $13,000 as Trump’s jabs at Fed, allies boost metals

Copper rallied above $13,000 a ton, part of a broad-based surge in metal markets that’s being aided by a weaker dollar as investors rotate away from currencies and sovereign bonds. The industrial metal advanced as much as 3.4% to $13,187.50 a ton on the London Metal Exchange, nearing all-time highs struck earlier this month, while nickel jumped nearly 5% and …

Continue Reading

Copper prices rise amid mergers and strong demand forecasts

Copper prices recovered on Tuesday after trending down last week, with analysts forecasting a strong upswing in demand which is expected to provide support for stronger pricing. The allure of copper globally has stirred up merger and acquisition activity in the global mining sector. Anglo American has tied up with Canadian miner, Teck Resources while Rio Tinto and Glencore are …

Continue Reading