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Global Supply Woes Push Copper Past $11,400 Per Ton
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Why This Matters
Copper prices surged to a new record high of $11,400 per ton due to soaring orders from South Korea and Taiwan, driven by global supply woes, with prices increasing by 30% year-to-date.
Market Impact
Market impact analysis based on bullish sentiment with 88% confidence.
Sentiment
Bullish
AI Confidence
88%
Article Context
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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 high from just two days ago. Copper prices have jumped by around 30% so far this year, with the gains mostly occurring in the second half, amid a series of supply…
Original article published by
OilPrice.com
on December 3, 2025.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.