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Copper hits new peak after zero-fee smelter processing deal highlights shortages
Copper prices rose to a record peak on Monday, supported by speculative buying and as news of a zero-fee processing deal involving a Chinese smelter highlighted mine disruptions and potential shortages. Benchmark three-month copper on the London Metal Exchange was up 0.6% at $11,955 a metric ton by 1100 GMT, having touched a record of $11,996. LME copper has surged 36% this year, largely on worries about problems at mines causing deficits next year. Those supply concerns were underlined on Friday when sources told Reuters Chilean miner Antofagasta and a Chinese smelter agreed on a zero processing fee for 2026 ... (full story)
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- Dec 22, 2025 6:36am Posted byFundamental Analysis207
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