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UBS: "Copper Is The Commodity Everyone Wants To Own"
Goldman's "circular melt-up" call and its recent upgrade to the 2026 London Metal Exchange (LME) copper price forecast have so far proven correct, as the industrial metal surged above $13,000 a ton with traders continuing to price in tighter global supply and a broader risk-on mood across metals. Three-month LME copper futures rose as much as 3.1% to a record $13,387.50, surpassing the previous record high set just a day earlier. The move is driven by the risk that the Trump administration may impose tariffs on refined copper, prompting a multi-month surge in US inventory and draining supplies from major global ... (full story)
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From beemarkets.com | Jan 6, 2026
Copper prices have blown past the $13,000 per ton mark for the first time, extending a powerful rally as investors bet on an intensifying global supply squeeze. Three-month futures in London surged to a record high of $13,253 a ton on Tuesday, climbing as much as 2% and eclipsing the peak set just one day prior. The explosive move is being driven by ...
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From miningweekly.com | Jan 6, 2026
Copper extended a powerful rally after bursting through $13 000 a ton for the first time, as traders and investors bet on a tighter global market. Three-month futures surged as much as 2% to a record above $13 253 a ton in London on Tuesday, surpassing the peak set on Monday. Concerns that the Trump administration may introduce a tariff on refined metal ...
