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Metals: copper is on the rise

09/01/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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This Friday, copper prices rose, moving towards their fourth consecutive week of growth thanks to expectations renewed by a future increase in demand. Aluminum has reached its most high level since April 2022.

The reference copper at three months on the London Metal Exchange rose 1.8% to $12,943 per ton at 11:07 GMT. This metal, used in the energy and construction sectors, has reached an all-time high of 13,387.50 dollars on Tuesday, after a rise by 42% in 2025 — its strongest annual increase since 2009 — due to concerns about the tightening of supply and the expectations of a strong future demand linked to the rise of artificial intelligence and energy transition.

The sharp rise in copper has propelled prices to new highs, making it harder for traders to identify resistance and support levels. From a technical point of view, this momentum favors the continuation of price increases, said Dan Smith, managing director of Commodity Market Analytics.

Among the other metals in LME, aluminum has increased by 1.8% to $3,145.50 after reaching $3,148.5, its highest level since April 2022.

Zinc increased by 0.4% to reach $3,147, lead rose 0.8% to $2,043, tin rose 2.3% to $44,650 and nickel rose 2.2% to $17,530.

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