Live Updates > Live Update Details
2025-09-12 22:28:55
Copper prices rose to a five-month high on Friday, driven by expectations of a US rate cut and concerns about potential supply shortages. Three-month copper on the London Metal Exchange (CMCU3) rose 0.4% to $10,092 per metric ton at 10:00 PM Beijing time, its highest price since March 26. Copper prices have risen about 15% this year but have struggled to maintain the psychologically strong level above $10,000. Thursday's surge in US jobless claims reinforced expectations of a Federal Reserve rate cut, sending base metals rallying alongside the broader market. "I thought the consensus was for a quarter-point rate cut, but now I think it could be a bit bigger. So I think that's boosted the market, and the bullish sentiment is helping copper prices," said Robert Montefusco of brokerage Sucden Financial.
