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Copper Prices Soar to Record High Amid Trade Optimism

10/30/2025

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Summary

Story summary

Copper prices surged to a record above $11,140 per ton in late October 2025, aided by optimism over a U.S.-China trade deal.
The gain amounts to a 25% year-to-date rise and is the strongest since 2017.
Supply challenges persist with production setbacks at major mines and underinvestment.
Codelco is reconsidering its production strategies.
CMOC Group plans a $1.1 billion investment to expand its mine in the Democratic Republic of Congo.

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Story summary

Copper prices surged to a record above $11,140 per ton in late October 2025, aided by optimism over a U.S.-China trade deal.
The gain amounts to a 25% year-to-date rise and is the strongest since 2017.
Supply challenges persist with production setbacks at major mines and underinvestment.
Codelco is reconsidering its production strategies.
CMOC Group plans a $1.1 billion investment to expand its mine in the Democratic Republic of Congo.