B · Normal
[The global rush for copper begins ahead of schedule, and a large amount of copper flows to the United States] On September 8, the price of three-month copper futures on the London Metal Exchange hit a record high on the 7th. During the Asian trading session on the 8th, copper prices continued their upward trend, reaching an intraday high of US$14,617 per ton. Lun copper futures prices have risen by about 17% since the beginning of this year, and the increase in the past year has been as high as 47%. As of the close of trading on September 8, the main contract of Shanghai copper futures continued its strong trend, rising 1,410 yuan to close at 110,620 yuan per ton, an increase of 1.29%. Today, the copper sector of the A-share market rose 3.86% in a single day, Jingyi shares rose by the daily limit, and Northern Copper and Electrical Alloys rose by more than 9%. Some analysts pointed out that the market is generally betting that the United States will impose a 15% tariff on refined copper from January 2027, prompting U.S. traders to stock up in advance before the new policy takes effect. A large amount of copper will flow from the London Metal Exchange's warehouses in Asia and Europe to the United States, and a trans-Pacific and trans-Atlantic "copper rush" will be staged in advance. Chile, the world's largest copper producer, was affected by extreme weather and mine operation disturbances. Copper exports fell to a new low in more than a year in August. At the same time, artificial intelligence, data center construction and the popularity of new energy vehicles have also become important forces driving the growth of copper demand. The copper recycling market is also booming. The purchase price of scrap copper has increased by more than 20% year-on-year. Market merchants said that "copper prices are rising every day and reaching new highs every day, so there is no need to worry about selling." The spot inventory of electrolytic copper hit a new low this year, and smelting companies are operating at full capacity. (CCTV Finance)
Nonferrous·Copper 🕐 2026-09-08 23:23

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