Copper is approaching a historic level and enters Goldman Sachs’ preferences for 2026
Copper prices rose to a new record high, approaching $12,000 per ton, at the end of a year dominated by trade disruptions, supply shortages, and optimism about long-term demand.
Copper price rose 0.7% to $11,966.50 per ton by 11:56 a.m. Shanghai time. Aluminum, zinc and nickel prices also rose.
With only a few trading days remaining in London Metal Exchange Before the end of the year, copper is on track to achieve its biggest annual gains since 2009. The price of the red metal, which is a key component of the energy transition, has risen significantly in recent months due to growing concerns about global supply shortages.
The influx of large quantities of copper to the United States, to avoid tariffs, was the main driver of the rise in prices, threatening supply shortages in the rest of the world. But the 36% increase this year was also fueled by sudden mine shutdowns and the uproar over the use of copper in Infrastructure for artificial intelligence.
A report indicated "Citigroup" Prices may reach $13,000 per ton by the second quarter of 2026, amid intense competition to export minerals to the United States.
A bank memorandum indicated "Goldman Sachs" Last week, she pointed to copper as her preferred metal for next year.
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