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Copper rises on upbeat China data, supply concerns after Freeport delay
Copper prices edged higher on Monday, supported by stronger-than-expected inflation data from top consumer China and supply concerns after Freeport delayed a full recovery of its Grasberg mine in Indonesia. The benchmark three-month copper on the London Metal Exchange was up 0.23% at $13,604 a metric ton, as of 0714 GMT, after reaching a three-month high of $13,643. The most-traded copper contract on the Shanghai Futures Exchange closed daytime trading 0.94% higher at 104,620 yuan ($15,396.39) a ton, after hitting a three-month high of 104,840 yuan. China’s consumer prices rose 1.2% in April from a year earlier, ... (full story)
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From miningweekly.com | May 11, 2026
China's imports of refined copper are set to rise in the second quarter of this year, driven by strong demand and potentially lower domestic output because of smelter maintenance, analysts and traders said. Copper demand in the world's biggest consumer of the metal used in power lines and for wiring in electric vehicles has gained momentum thanks to ...
