Copper prices rose in early Asian trading, and LME's three-month copper contract rose 1.2% to $11,656.00 per tonne. Analysts at ANZ Research Division reported that given strong fundamentals, the rise in copper prices is unlikely to be interrupted. Supply was interrupted again due to a series of mine shutdowns, which contributed to the rise in base metals this year. The bank said demand also continued to exceed expectations, thanks to China's imports in the field of electric vehicles and energy infrastructure, as well as demand brought about by the US AI investment boom. ANZ added: “We are optimistic about copper and expect the market to run into further shortages by 2026.”

Copper prices rose in early Asian trading, and LME's three-month copper contract rose 1.2% to $11,656.00 per tonne. Analysts at ANZ Research Division reported that given strong fundamentals, the rise in copper prices is unlikely to be interrupted. Supply was interrupted again due to a series of mine shutdowns, which contributed to the rise in base metals this year. The bank said demand also continued to exceed expectations, thanks to China's imports in the field of electric vehicles and energy infrastructure, as well as demand brought about by the US AI investment boom. ANZ added: “We are optimistic about copper and expect the market to run into further shortages by 2026.”