Copper prices surged to a new record of $14,533 per ton on the London Metal Exchange (LME) earlier this week, eclipsing the previous peak set in January. The metal traded at $14,513/ton as of 4:15 p.m. local time, marking a 17% year-over-year advance and the highest level in LME history. The rally intensified after a major squeeze event in the futures market last month, further tightening supply constraints amid escalating trade tensions in the US.
Copper hits record $14,533/ton amid US tariff uncertainty
Rising demand from renewables and data centers, coupled with geopolitical tensions and supply-chain pressures, propelled copper futures to an all-time high on the London Metal Exchange.
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David Chen · Commodities Desk · 15 Sept 2026 · 10:04 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Written by
David Chen
Commodities Desk
David reports on energy, metals and agricultural markets, tracking how supply signals and safe-haven demand move prices across the commodities complex.
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