Record Increase in Copper Prices: 100,000 Yuan Threshold

Historic Peak in Copper Prices

Copper prices continue to impact global markets and are experiencing a record increase.

Rise on the Shanghai Futures Exchange

Copper prices on the Shanghai Futures Exchange approached 100,000 yuan (approximately $14,230) per ton for the first time, with an increase of 3.7%. Meanwhile, prices on the Comex Exchange in the U.S. rose by 4% to reach $5.7855 per pound; this marks the highest level seen since July.

Global Commodity Rally

The rise in copper has reflected on its precious metal counterparts, with gold, silver, and platinum climbing to all-time high levels. In the final quarter of the global commodities market, geopolitical uncertainties and disruptions in trade have created a significant energy rally.

Impact of Energy Transition

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

Uncertainties Regarding the Future of Trade

However, speculation earlier this year regarding U.S. President Donald Trump imposing additional tariffs led to a record level of copper contracts on the Comex. Trump indicated that this commodity would be exempt from tariffs, but the decision will be reviewed in 2026.