Live Updates > Live Update Details
2025-12-18 01:44:45
【Copper prices rise on the back of supply and demand and risk appetite】 (1) Copper prices rose on Wednesday as concerns about supply shortages and a recovery in risk appetite in global financial markets attracted speculative funds. Three-month copper on the London Metal Exchange (LME) rose 1.3% to $11,740 per ton, reversing a 0.5% drop in the previous trading day. LME copper prices have risen 33% year-to-date and have recently hit record highs, mainly due to market concerns that mine production disruptions may lead to a supply gap in 2026. (2) Ewa Manthey, commodity strategist at ING, pointed out that the copper market fundamentals are tightening, and the risk appetite in the stock market is being transmitted to the metal market. Coupled with the expectation of interest rate cuts in 2026, prices are rising. The institution expects the average copper price to reach $11,500 per ton next year and is expected to reach a high of $12,000 in the second quarter. (3) In addition, the main Shanghai copper contract closed up 0.5% at 92,720 yuan per ton. LME tin, aluminum, nickel and other commodities rose in tandem, with tin futures rising by 3.5%, hitting their highest level since April 2022 during the session.
