Published by Global Banking & Finance Review®
Posted on October 9, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleCopper prices reached $11,000 per ton due to mine disruptions and strong demand, marking the highest level since May 2024.
(Reuters) -Copper prices hit $11,000 per metric ton on Thursday, a level not seen in over 16 months, as widespread disruption at mines sparks fears of a shortage of supply and attracts speculative inflows.
Benchmark three-month copper on the London Metal Exchange rose 3.1% to hit the $11,000 mark, within striking distance of its all-time high of $11,104.50 set in May 2024, before pulling back to $10,970 as of 1336 GMT.
The red metal has risen more than 21% so far in 2025, gaining momentum through strong demand, a weak dollar and falling interest rates, before a series of incidents at key copper mines, including a mudslide at Grasberg in Indonesia last month, fuelled the rally further.
The market is "seeing outside investment and doesn't have much experience of the power of it," said Alastair Munro, senior metals strategist at broker Marex.
(Reporting by Tom Daly; Editing by Joe Bavier)
Copper is a reddish-brown metal that is highly conductive and used in various applications, including electrical wiring and plumbing.
Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as metals, grains, and energy.
Market volatility refers to the rate at which the price of a security increases or decreases for a given set of returns.
A benchmark price is a standard price against which other prices are measured, often used in trading and investment.
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