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Metals: copper prices are rising

17/12/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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This Wednesday, the copper price rose, while that data from the American labor market showed a rebound in the employment growth, but a high unemployment rate in November.

The most traded copper contract in Shanghai Futures Exchange increased by 0.30% to 92,550 yuan (13,139.40). dollars) per metric ton at 03:30 GMT.

The three-month copper reference price on London Metal Exchange also rose by 0.97% to $11,704 The ton.

US job growth has rebounded in November, even though unemployment reached its highest level in more than four years, according to the data.

Copper, on the other hand, continued to hold above 11,600 dollars per ton, supported by concerns related to supply and the prospects for a strong increase in demand coming from data centers and the energy transition.

Among other metals, Shanghai aluminum has gained 0.83% to 21 975 yuan per ton, while aluminum The London benchmark rose by 0.42% to 2,888.50 dollars per ton.

The price of aluminum increased after the Australian mining group South32 announced on Tuesday that it would place its smelter in Mozal in Mozambique in maintenance and upkeep mode by March, fault for having been able to conclude an energy agreement with the government.

Nickel recovered after falling since Monday.

The most traded nickel on SHFE gained 0.67 %, and the three-month benchmark nickel increased by 1.07%.

Shanghai nickel hit its lowest point on Tuesday level in 40 months, while the London reference price touched on Monday its lowest level in eight months.

Elsewhere on SHFE, zinc fell by 0.86%, the Lead fell by 0.77% and tin increased by 1.42%.

Among the other metals of LME, zinc has gained 0.41%, tin has increased by 1.19% and lead has fallen by 0.10%

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