Tag: copper market rally

LME copper prices breach $14,000/t mark, reach record high on global macro tailwinds

Jan 29, 2026

—

by

Neha TU

in Copper

Shanghai and LME contracts post sharp gains Speculative trading and weak dollar fuel rally Copper prices surged to record highs on 29 January, extending a broad-based rally across metals as investors increasingly turned to physical assets amid heightened geopolitical risks and a persistently weak US dollar. On the Shanghai Futures Exchange (SHFE), the most-active copper…