Copper Surges Past $14,000 a Ton as China Demand and Supply Risks Outweigh Iran War Fears
Updated
Updated · Bloomberg · May 12
Copper Surges Past $14,000 a Ton as China Demand and Supply Risks Outweigh Iran War Fears
6 articles · Updated · Bloomberg · May 12
$14,025 a ton on the London Metal Exchange marked copper’s latest jump, pushing the metal back toward January’s record above $14,500.
Chinese demand rebounded and supply risks intensified, giving traders enough support to look past worries that the Iran conflict could weaken global growth.
Trump’s warning that the Iran ceasefire was on “life support” still rattled broader financial markets, underscoring how copper’s rise ran against the wider risk-off mood.
The move highlights copper’s sensitivity to physical-market tightness and Chinese consumption even as geopolitical shocks cloud the macro outlook.
With copper inventories hitting record highs, why are prices still surging toward an all-time peak?
How will new US tariffs and China's export ban reshape the global flow of copper?
Beyond oil, how is the Middle East conflict disrupting the world's copper supply chain?