Tag: AI demand copper

LME copper prices climb up by 4% w-o-w, driven by speculative buying, strong metals rally

Jan 31, 2026

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by

Neha TU

in Copper

Record SHFE trading volumes, weak US dollar contribute to price gains One-hour LME trading disruption on Friday drags copper down sharply LME copper prices rose sharply by 4% w-o-w in the week ending 30 January 2026, briefly hitting record highs on 29 January. The gains extended a broader metals rally, driven by investors flocking to…