Record Surge in Copper Prices: 100,000 Yuan Threshold

Historic Peak in Copper Prices

Copper prices continue to have an impact on global markets and are showing record increases.

Rise at Shanghai Futures Exchange

Copper prices at the Shanghai Futures Exchange approached 100,000 yuan (approximately 14,230 dollars) for the first time, with an increase of 3.7%. Meanwhile, prices at the Comex Exchange in the US rose 4% to reach 5.7855 dollars per pound; this is the highest level seen since July.

Global Commodity Rally

The rise in copper is reflected in its counterparts among precious metals, with gold, silver, and platinum all climbing to all-time high levels. In the last quarter of the global commodity markets, geopolitical uncertainties and disruptions in trade have created a notable energy rally.

Impact of Energy Transition

On the demand side, copper is expected to benefit significantly from the world's energy transition, with substantial gains anticipated by 2025. In New York, commodity prices have risen by over 42%.

Uncertainties About the Future of Trade

However, speculation earlier this year regarding US President Donald Trump implementing additional tariffs led to record levels for copper contracts at Comex. Trump indicated that this commodity would be exempt from tariffs, but the decision will be reviewed in 2026.