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Record Copper Prices Surge to $11,210.50 Amid Market Shifts

11/30/2025

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Summary

Story summary

On November 28, 2025, London Metal Exchange copper prices reached a record high of $11,210.50 per metric ton, surpassing the prior peak of $11,200 set on October 29.
The rally was driven by a weaker U.S. dollar, reduced output from Chile, and anticipated production cuts by Chinese smelters.
The LME three-month copper price rose 2.5% during this period.

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Story summary

On November 28, 2025, London Metal Exchange copper prices reached a record high of $11,210.50 per metric ton, surpassing the prior peak of $11,200 set on October 29.
The rally was driven by a weaker U.S. dollar, reduced output from Chile, and anticipated production cuts by Chinese smelters.
The LME three-month copper price rose 2.5% during this period.