The price of three-month copper futures on the London Metal Exchange hit a record high on the 7th. During the Asian trading session on the 8th, copper prices continued to rise, rising to an intraday high of $14,617 per ton. Some analysts pointed out that the market is generally betting that the US will impose a 15% tariff on refined copper from January 2027 to push US traders to prepare goods in advance before the new policy comes into effect. A large amount of copper will flow from London Metal Exchange warehouses in Asia and Europe to the US, and a “wave of copper grabbing” across the Pacific and Atlantic will unfold ahead of schedule. Chile, the world's largest copper producer, was affected by extreme weather and disruptions in mine operations. Copper exports fell to a new low in more than a year in August. At the same time, artificial intelligence, data center construction, and the spread of new energy vehicles have also become important forces driving the increase in copper demand. The copper recycling market is also booming. The purchase price of copper scrap rose by more than 20% year on year. Market merchants said, “Copper prices are rising day by day, getting higher day by day, and they don't worry about selling at all.” Spot stocks of electrolytic copper hit a new low during the year, and smelters were operating at full capacity.

The price of three-month copper futures on the London Metal Exchange hit a record high on the 7th. During the Asian trading session on the 8th, copper prices continued to rise, rising to an intraday high of $14,617 per ton. Some analysts pointed out that the market is generally betting that the US will impose a 15% tariff on refined copper from January 2027 to push US traders to prepare goods in advance before the new policy comes into effect. A large amount of copper will flow from London Metal Exchange warehouses in Asia and Europe to the US, and a “wave of copper grabbing” across the Pacific and Atlantic will unfold ahead of schedule. Chile, the world's largest copper producer, was affected by extreme weather and disruptions in mine operations. Copper exports fell to a new low in more than a year in August. At the same time, artificial intelligence, data center construction, and the spread of new energy vehicles have also become important forces driving the increase in copper demand. The copper recycling market is also booming. The purchase price of copper scrap rose by more than 20% year on year. Market merchants said, “Copper prices are rising day by day, getting higher day by day, and they don't worry about selling at all.” Spot stocks of electrolytic copper hit a new low during the year, and smelters were operating at full capacity.