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Copper Prices Soar to Record High Amid Supply Cuts

11/30/2025

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Summary

Story summary

The London Metal Exchange copper price reached a record high of $11,210.50 on November 28, 2025, surpassing the $11,200 peak set on October 29, 2025.
The rally was driven by a weaker dollar, reduced output from Chile, the world's leading copper producer, and anticipated production cuts by Chinese smelters.
The benchmark three-month copper rose 2.5% during this period.

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Story summary

The London Metal Exchange copper price reached a record high of $11,210.50 on November 28, 2025, surpassing the $11,200 peak set on October 29, 2025.
The rally was driven by a weaker dollar, reduced output from Chile, the world's leading copper producer, and anticipated production cuts by Chinese smelters.
The benchmark three-month copper rose 2.5% during this period.