Copper prices in the US moved above $5.20 per pound on Monday, hitting their highest level in four months. The rally came mainly due to tight global supply, higher premiums, and a continued rise in international demand.
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Last Friday, copper even touched a record high on the London Metal Exchange (LME). This surge was driven by multiple supply issues — lower production in Chile, planned output cuts by Chinese smelters, and a weaker US dollar, which made commodities more attractive.
LME Copper
Since the end of August, LME copper has climbed nearly 13%, showing strong bullish momentum as global shortages continue to support prices.
Meanwhile, traders have been increasing copper shipments to the US to take advantage of higher Comex prices. This comes at a time when markets are uncertain about possible future import tariffs under President Donald Trump’s administration.
Adding to the volatility, an hours-long trading halt on the Chicago Mercantile Exchange (CME) last week reduced liquidity and pushed Comex premiums even higher.
Copper markets are likely to stay volatile as supply challenges and global demand continue to shape price trends.
⚠️ Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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