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Copper Prices Soar to All-Time High
(MENAFN) Copper values surged to unprecedented territory on the London Metal Exchange (LME) following the Christmas break, propelled by mounting supply constraints and widespread market pressures.
The three-month copper futures contract on the LME climbed to $12,960 per tonne, marking an all-time peak for the industrial metal. This figure reflects a 6.6% jump since December 24 and a staggering 41%-plus rally since January 2025, with more than 15% of those gains concentrated in December alone.
Market analysts attribute the dramatic ascent to several converging forces: dwindling supply availability, a weakening US dollar, and US tariff measures implemented throughout the year.
As a critical industrial commodity extensively deployed across electrical engineering sectors, construction projects, and mechanical engineering applications, copper's price escalation carries profound implications for global manufacturing expenses and infrastructure development budgets.
The three-month copper futures contract on the LME climbed to $12,960 per tonne, marking an all-time peak for the industrial metal. This figure reflects a 6.6% jump since December 24 and a staggering 41%-plus rally since January 2025, with more than 15% of those gains concentrated in December alone.
Market analysts attribute the dramatic ascent to several converging forces: dwindling supply availability, a weakening US dollar, and US tariff measures implemented throughout the year.
As a critical industrial commodity extensively deployed across electrical engineering sectors, construction projects, and mechanical engineering applications, copper's price escalation carries profound implications for global manufacturing expenses and infrastructure development budgets.
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