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Precious metals: copper starts the new year with a bang

02/01/2026
Source : ORISHAS FINANCE
Categories: Raw materials

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Copper in London rose 0.8% on Friday. The metal starts the new year on a positive note after a year 2025 exceptional where prices jumped by more than 40% to reach levels record highs, driven by booming demand and disruptions in the offer.

Copper at three months on the London Metal Exchange increased by 0.8% to reach $12,525 per ton at 01:44 GMT. The Shanghai Futures Exchange was closed on Friday.

LME copper hit a record high last year last, increasing by 42% thanks to the weakness of the American dollar, to the strong demand linked to artificial intelligence and renewable energies, as well as to disturbances in mining supplies.

In 2026, copper prices, widely used in the energy and construction sectors will be dictated by demand Chinese.

Among the other metals, aluminum fell by 0.1% to 2,992 dollars per ton, zinc increased from 0.1% to $3,121, lead increased by 0.1% to 2,012 dollars, tin remained almost unchanged at 40,545 dollars and nickel increased by 0.6 per cent to $16,750.

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