Copper prices exceed $12,000 per ton, supply concerns weigh on the market

2026-01-13 10:09:20

Abstract generation in progress

Copper prices at the London Metal Exchange have reached new highs. The price has risen to $12,044 per ton, driven by a complex interplay of multiple factors.

Supply-side challenges driving price increases

Mine shutdowns and disruptions in international trade are causing a tight supply of copper. On the demand side, the US manufacturing industry is engaging in pre-purchasing in anticipation of tariffs, which is widening the supply-demand gap and pushing prices higher.

Market analysts indicate that the price of copper in 2025 is projected to increase by 36% year-over-year, marking the largest growth since 2009. This rapid price surge reflects structural market tightness rather than mere temporary fluctuations.

Long-term forecasts by institutional investors suggest future trends

Major financial institutions are adopting cautious outlooks on the copper market. Deutsche Bank and Morgan Stanley have pointed out the possibility of a supply shortage of approximately 600,000 tons by 2026. Additionally, the analyst team at Citigroup has presented a scenario where copper prices could reach $15,000 per ton within the next 12 months.

These sudden fluctuations in the metals market are increasing investor interest in rebalancing portfolios and are also boosting attention toward alternative assets such as altcoins.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.