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Copper: the metal is on the rise

28/01/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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After the US dollar fell to its lowest level in nearly four years, copper rose on Wednesday, while aluminum also recorded a strong increase.

The most active copper futures contract in Shanghai Futures Exchange (SHFE) gained 0.72% to 103,510 yuan (14,902.96 dollars) per ton at 3:30am GMT.

The three-month copper reference price on London Metal Exchange, for its part, jumped by 1.69% to reach $13,226.50 per ton.

Both contracts remained below record levels reached earlier this month.

Elsewhere, aluminum is experiencing strong growth, with the most traded contract in Shanghai jumping 4.54% to 25,345 yuan per ton, after rising to 5.09% earlier, thus leading the gains among the base metals of SHFE.

The three-month aluminum reference course has also led dance in London, growing by 2.21% to reach $3,278 per ton.

Among the other SHFE base metals, zinc has increased by 2.08%, lead rose slightly by 0.06%, tin jumped by 2.05% and nickel fell by 1.30%.

Elsewhere on the LME, zinc increased by 1.98%, lead 0.57%, nickel 0.64% and tin 0.87%.

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