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Metals: copper hits a record close to $13,000

29/12/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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As the London market strove to catch up with the gains recorded in China and the United States, despite its closure On Friday, copper prices soared on Monday to reach a record close to 13,000 dollars per metric ton.

LME copper rose by 41% this year, fuelled by fears of shortages and also supported by the weakness of dollar and the strong increases recorded in other financial markets.

The reference price for copper at three months on the London Metal Exchange (LME) has jumped 6.6% for reach a record of 12 960 dollars per ton during é changes Asian, before falling back at 12 415 dollars, up 2.1%, serif; mso-bidi-font-family: "Bookman Old Style">to 10:30 GMT. Copper on the Shanghai Futures Exchange and Comex am é ricain reached historic highs Friday, while the LME é was close é for Boxing Day at United Kingdom.

Comex copper futures US dollars jumped to 5.8395 dollars per pound on Friday, surpassing a record reached on July 23, as the scheduled date of entry into force approaches American customs duties.

The most active copper futures contract in SHFE reached an all-time high of 102,660 yuan per ton, closing The session rose 0.8% to 98,860 yuan ($14,105.33). This increase was supported by the announcement on Friday of a slowdown of the growth of copper production capacity in China in the context of of the next five-year plan.

Among other metals, LME aluminum has Slightly increased by 0.1% to 2,963.50 dollars per ton, zinc gained 0.7 per cent to $3,112, lead increased by 0.9 per cent to $2,012, Nickel rose 1.1% to $15,960 after reaching its highest level since April at 16,025 dollars, while tin has fell by 0.5 per cent to $42,600.

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