(26 Dec 2025, Friday): Copper prices touched a record high in China and also rose sharply in New York as concerns grew over global supply shortages.
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In China, copper futures climbed to their highest-ever level, driven by strong demand from the construction, electric vehicle, and renewable energy sectors. At the same time, prices in New York jumped as traders reacted to worries about tight supply, lower inventories, and possible disruptions at major copper mines.
Experts say copper demand remains strong because it is a key metal used in electric vehicles, power cables, solar panels, and infrastructure projects. With supply not increasing at the same pace, prices may stay high in the near term.
However, analysts also warn that high prices could lead to profit booking if global economic growth slows or if China takes steps to control commodity inflation.
Copper surged to a record in Shanghai and rallied in New York, adding to substantial annual gains as investors bet on tighter global supplies in 2026, while also pricing in the impact of a weaker US dollar.
In China, prices gained 2.7% to 98,780 yuan (US$14,090 or RM56,722.79) a ton on the Shanghai Futures Exchange, while contracts rose 3% to hit US$5.743 (RM23.18) a pound on the Comex. For the US benchmark, that’s the highest since an unprecedented short squeeze in July. The LME (London Metal Exchange) will reopen on Monday after the Christmas break.
Metals have made big gains in December, rounding off a year in which trade dislocations, geopolitical uncertainties, and supply shocks have combined to shake up the industry. On the demand side, copper is expected to be a major beneficiary of the world’s energy transition, helping to make it one of biggest winners in 2025, with a gain of more than 42% in New York.
Comex contracts spiked to a record earlier this year in anticipation that US President Donald Trump would put tariffs on the metal. While he ultimately excluded the most widely-traded form of the commodity from levies, that decision is due for a review in 2026. A continued rush of metal into the US has spurred concerns buyers elsewhere may end up scrambling for supplies.
Prices received an additional lift in recent sessions from a slump in the US dollar, with a Bloomberg gauge of the currency on pace for the biggest weekly loss since June. That shift makes raw materials cheaper for most buyers.
Futures were at 98,370 yuan a ton in Shanghai at 10.25am local time, while on the Comex, copper was at US$5.7205 a pound.
❓ FAQs (5)
1. Why did copper prices hit a record high in China?
Copper prices rose due to strong demand from EVs, infrastructure, and renewable energy, along with limited supply.
2. Why are copper prices rising in New York?
Prices jumped in New York because of global supply concerns, low inventories, and mining disruptions.
3. Is copper demand expected to remain strong?
Yes, demand is likely to stay strong due to its use in electric vehicles, power grids, and green energy projects.
4. Can copper prices fall after this rally?
Prices may see short-term correction or profit booking, especially if economic growth slows or demand weakens.
5. How does copper price movement affect investors?
Rising copper prices usually benefit metal stocks and mining companies, but high volatility means investors should be cautious.
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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