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Shanghai copper kicks off 2026 strong on supply jitters
Shanghai copper opened the year strong on Monday as supply concerns intensified following a strike at a Chilean mine. The most-active copper contract on the Shanghai Futures Exchange was up 2.02% at 100,690 yuan ($14,424.26) per metric ton, as of 0315 GMT, reclaiming the 100,000 yuan level on the first trading day of 2026. The benchmark three-month copper on the London Metal Exchange climbed 2.86% to $12,826.5 a ton.Earlier in the day, the contract climbed as much as 3.28% and approached a record of $12,960 set last year. Copper prices were supported as hundreds of miners went on strike at Capstone Copper’s ... (full story)
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- Jan 5, 2026 2:31am Posted byFundamental Analysis305
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