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Copper Prices Soar to Record Highs Amid Supply Concerns

12/6/2025

47 9 Full Breakdown

Summary

Story summary

Copper prices surged to record highs on December 5, 2025, as supply concerns and expectations of a U.S. Federal Reserve interest rate cut supported demand.
The London Metal Exchange saw copper reach $11,705 per ton, while Shanghai Futures Exchange reported a peak of 92,910 yuan ($13,125.28) per metric ton.
Analysts, including Citi (Citigroup Inc.), forecast an average copper price of $13,000 per ton next quarter, with potential highs of $15,000.

History

Historical Context

The 2008 global financial crisis, triggered by the collapse of Lehman Brothers on September 15, led to a 75% drop in copper prices, reaching $1.40 per pound. This crisis highlighted the vulnerability of commodity markets to economic shifts. Today, copper prices have surged to $11,705 per ton, reflecting renewed demand and ongoing supply concerns, reminiscent of the volatility experienced during the crisis.

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Story summary

Copper prices surged to record highs on December 5, 2025, as supply concerns and expectations of a U.S. Federal Reserve interest rate cut supported demand.
The London Metal Exchange saw copper reach $11,705 per ton, while Shanghai Futures Exchange reported a peak of 92,910 yuan ($13,125.28) per metric ton.
Analysts, including Citi (Citigroup Inc.), forecast an average copper price of $13,000 per ton next quarter, with potential highs of $15,000.

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