New copper demand drivers from US, India as China juggernaut slows

View: Source Copper consumption in the United States and India is set to emerge from China’s shadow over the next decade as demand growth in the world’s largest consumer of the industrial metal slows. Beijing’s industrial and infrastructure expansion has helped fuel a rally that has seen copper prices rise to above $10,000 a metric ton from $1,500 25 years ago. …

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Global Supply Woes Push Copper Past $11,400 Per Ton

View: Source Soaring copper orders from South Korea and Taiwan led to the biggest rise in requests for withdrawals from London Metal Exchange warehouses since 2013, pushing copper prices to a new record high on Wednesday. The price of copper increased by another 2.4% on the London Metal Exchange (LME) early on Wednesday, to exceed $11,400 per ton, which beat the previous record …

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Gold And Copper Set To Outperform As Oil Price To Lag Into 2026

View: Source ING has released its latest set of commodities projections through to the end of 2026, with analysts highlighting gold and copper as the clear outperformers while Crude oil and natural gas continue to face pressure from abundant supply. Gold Price Forecast: Elevated through mid-2026 before a slight year-end cooling ING expects gold prices to hold near USD 4,000/oz in …

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Trump’s Tariffs Send U.S. Aluminum Prices to Record Highs

View: Source The U.S. all-in aluminum price hit a record $4,816 per ton, nearly double its 2023 lows, as inventories tightened sharply. Trump’s 50% steel and aluminum tariffs slashed Canadian imports and spurred renewed interest in domestic production. Analysts warn that rising aluminum costs could intensify inflationary pressures amid strong global demand from AI and data center construction. Aluminum prices in …

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Commerzbank raises base metal outlook but cuts nickel forecast amid soaring premiums

View: Source Commerzbank raises short-term price outlook higher for most base metals, including copper, zinc, and aluminum. Nickel is the exception, with Commerzbank scaling down its price forecast due to well-supplied market. US aluminum import premiums hit an all-time high, driven by US tariffs and declining LME inventories. The recent sharp price increase in base metal prices have prompted Commerzbank AG …

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Aluminium price recovery limited despite recent LME highs

View: Source Aluminium prices on the LME rose to a high since 2022 but have recently slipped. Prices rose due to improved US-China trade relations and China’s rising cheaper imports of Russian aluminium. Further price recovery is limited due to substantial Chinese output and a recent large rebound in LME stocks. Aluminium prices on the London Metal Exchange have slipped after …

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How Chile’s mining industry impacts historical copper prices

View: Source Operational restrictions facing some copper mines in Chile have been influencing the metal’s record high price, which reached US$5.02 per pound this week, along with growing demand and limited supply. While the upward trend is also related to current factors, such as the trade agreement between the United States and China and the Federal Reserve’s rates, the situation of …

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Copper Prices Surge on US-China Deal Optimism, Tight Supply Adds to Rally

View: Source Copper prices edged closer to record highs this week, driven by renewed optimism over an impending trade accord between the US and China and concerns about tightening global supply as major producers face output disruptions. On the London Metal Exchange (LME), copper traded around US$11,029 a ton on Tuesday (October 28) roughly US$80 below the all-time high of US$11,104.50 …

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Copper Set to Begin a New Bull Cycle: What’s Driving The Move

View: Source If there’s one market that’s becoming increasingly difficult to ignore, it’s copper. For years, it’s been treated as just another industrial metal: useful, cyclical, and largely overlooked. But beneath that quiet surface, copper has been steadily building energy, both technically and fundamentally, for what I believe could be the start of its next major cyclical bull run. And this …

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