Copper Hits Record High Above $14,500/Tonne
Copper hit a record $14,533/tonne on the LME as US tariff fears tightened global supply; Hindustan Copper shares surged over 5% on the news.
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“Copper Hits Record High Above $14,500/Tonne”
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8 Sep 2026
Key Highlights:
- New record on LME: Copper futures rose as much as 0.8% to $14,533 a tonne, surpassing January's previous record of $14,527.50.
- Sharp year-long rally: The metal is up about 17% this year and 47% over the past 12 months.
- MCX also rallies: Domestic copper futures on the MCX jumped up to 1.21% to an intraday high of Rs 1,403.50.
- Tariff-driven, not demand-driven: The rally is being fuelled more by traders shifting supplies into the US ahead of possible tariffs than by a genuine surge in end-user demand.
- Supply squeeze outside the US: Copper stocks have grown concentrated in the US, leaving less metal available via the LME network, pushing the market into "backwardation."
- Hindustan Copper shares jump: Shares of state-owned Hindustan Copper surged over 5% to an intraday high of Rs 537.35 on the BSE.
New Delhi: Copper hit a record high on the London Metal Exchange as expectations of wider US tariffs on refined metal drove traders to move supplies into the United States, tightening availability elsewhere.
Benchmark three-month copper futures rose as much as 0.8 per cent to $14,533 a metric tonne, surpassing the previous record of $14,527.50 set in January.
