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Copper steadies near US$14,400/t as LME Week bulls meet rising stocks Copper: US$14,357/t LME three-month and US$14,540/t LME cash (20 October settlement); US$14.46/kg on COMEX (21 October) London’s three-month contract traded around US$14,364/t late on 21 October, down 0.4% on the day and about 3.4% below the 10 September record of US$14,875/t. COMEX settled at […]

  Copper slips from a midday high of US$14,741/t to US$14,436/t as hot US inflation offsets Chile supply risk Copper: US$14,741/t LME official, US$14,436/t LME close, US$14.57/kg on COMEX LME copper set an official cash price of US$14,741/t at midday on 14 October. It then sold off after a hotter US inflation print lifted the […]

  International Copper Association Australia · 9 October 2026 Copper: about US$14,400/t on COMEX, US$14,526/t on LME Copper ended a choppy week firmer in London and flat in New York. Chinese buyers returned from Golden Week on 8 October, a day after a strike began at Chile’s Centinela mine. LME three-month traded up to US$14,646.50/t, […]

  Copper: about US$14,370/t on COMEX, US$14,250/t on LME Copper ends the week near a two-week low. COMEX is about 3% lower on the week, and LME closed at US$14,253.50/t on 1 October, about 4% below its September record. A fading US tariff premium and a hawkish Fed outweighed fresh supply risk in Chile, where […]

  Market Overview Copper climbed back to record territory this week, then eased as the Federal Reserve outlook took over. The rebound followed a sharp mid-month correction. On 14 September, LME three-month copper dropped to a session low of US$14,018.50/t, its weakest level since 20 August. It later touched US$13,958/t (US$13.96/kg), about 6% below the […]

  New geological insights from Geoscience Australia’s Delamerian Project have strengthened the case for South Australia as a major future source of copper, gold and critical minerals, highlighting the prospectivity of a vast, largely undercover region extending across South Australia and neighbouring states. By integrating extensive geochemical, geophysical and drilling datasets, the project delivers a […]

  Market Overview Copper spent the week consolidating below US$14,100/t after last Thursday’s sharp reversal from a record US$14,875/t (US$14.88/kg), as the market priced a growing probability that the US refined-copper tariff will be delayed or shelved. Benchmark three-month LME copper opened the week at US$14,065/t (US$14.07/kg), down 1.2% on Monday, and touched US$14,018.50/t, its […]

Market Overview Copper set fresh records this week before retreating sharply as doubts emerged over the US tariff plan that has distorted global inventories and pricing. LME three-month copper broke January’s previous high on Monday, reached US$14,779/t on Tuesday and touched US$14,875/t early on Thursday. It then fell 3.1% to US$14,312/t after Reuters reported that […]

  Market Overview Copper spent the week consolidating below the record set on 25 August, when COMEX futures touched the equivalent of US$14,770/t (US$14.77/kg) and LME three-month metal came within reach of January’s US$14,527.50/t high. The retreat gathered pace on Tuesday, 1 September, when a firmer US dollar and rising bets on Federal Reserve rate […]

Copper traded at record territory this week before easing as the acute LME physical squeeze began to unwind. The market remains exceptionally tight, but pricing is being shaped as much by tariff positioning, exchange-stock movements and geopolitical disruption as by underlying demand. Market Overview COMEX September copper reached an all-time high of US$6.7775/lb (US$14.94/kg; US$14,940/t) […]