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Copper surges past $13,000/t as bull run gains pace
London Metal Exchange (LME) official copper prices surged past $13,000/t to reach a new record high today, as financial investors scrambled for safe-haven products in the aftermath of US military action in Venezuela. The latest buying poured fuel on an existing bull run in prices driven by concerns over tight global availability of refined metal owing to a renewed rise in shipments to the US. The three-month copper price closed at $13,230/t in the official morning session today, up by 3.04pc on the day and by 5.8pc since 2 January, the last session before the capture of Venezuelan president Nicolas Maduro by US ... (full story)
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From fxleaders.com | Jan 7, 2026
Copper continued a strong rally after breaking through $13,000 per ton for the first time as investors wagered on a tighter market. after capping the biggest annual gain since 2009 on prospects for a tighter market. Three-month futures reached a record $13,387 per ton on Tuesday, up 3.1 percent from Monday’s peak. Holdings have moved to the US due to ...
From zerohedge.com | Jan 6, 2026
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 ...
I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America. This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States! I have asked Energy Secretary Chris Wright to execute this plan, immediately. It will be taken by storage ships, and brought directly to unloading docks in the United States. Thank you for your attention to this matter! DONALD J. TRUMPPRESIDENT OF THE UNITED STATES OF AMERICA
