Tag: high-grade copper shortage

Prices surge on tight supply, stronger Chinese demand Codelco’s premium reaches record peak of $325-345/t The benchmark three-month copper contract on the London Metal Exchange (LME) reached a 16-month high this month for the second time, closing at $10,950/tonne (t) on 24 October 2025, up 3% w-o-w. The sharp rally was driven by tight mine supply,…