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Copper hits record highs while smelters face negative margins on every ton

Copper prices have reached record highs globally, and smelters are reporting negative margins on each ton processed.

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David Chen · Commodities Desk · 20 Sept 2026 · 00:55 · 1 min read

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Copper hits record highs while smelters face negative margins on every ton

Copper prices have reached record highs globally.

Gold / US Dollar

XAUUSD

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4380.1427▲ 0.00%

As of 19/09/2026, 21:00:00

Smelters are reporting negative margins on every ton of copper processed. Further verified details were not immediately available.

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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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Copper hits record highs while smelters face negative margins on every ton

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