-
China´s Metals Mania Sends Copper Soaring Past $14,500 a Ton
Copper surged by the most in more than 16 years, after a wave of buying from Chinese investors triggered one of the most dramatic moves in the market’s history. Prices gained as much as 11% to trade above $14,500 a ton for the first time ever, before a sharp retracement on Thursday afternoon. The industrial metal, which is used in almost every electrical application, has risen about 21% since the start of December, firing up copper bulls who have long been predicting a surge in prices. “You wait a lifetime for markets like this,” said Mark Thompson, a mining executive and former trader at Trafigura Group with ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
Tech's wreck at the open started it... following Goldman's Privorotsky's warning earlier to 'keep an eye on the megacap tech names today'... chart US equities puked as the cash market opened, with Nasdaq erasing overnight gains rapidly... chart ...as losses in MSFT accelerated... chart ...crypto followed with Bitcoin crashing to its lowest since Dec ...
From morningstar.com | Jan 29, 2026
Way back in olden times - seven days ago - Goldman Sachs lifted its year-end gold price target to $5,400 from $4,900. Fast forward and the yellow metal is already at $5,500, and it's almost doubled from a year ago. Gold's (GC00) truly gone parabolic, as has the entire precious metals complex. That Coinbase this week added copper and platinum futures to its ...
From msn.com | Jan 29, 2026
Copper's red-hot run to above $14,000 a metric ton on Thursday leaves investors facing a decision over whether or not to chase the market higher. Benchmark copper on the London Metal Exchange jumped 11% to a record $14,527.50 a ton in a rally fuelled by speculators, with momentum spurring yet further buying. It was the biggest one-day gain for LME copper ...
