Copper prices fluctuated higher. Copper jumped sharply during the reopening of the London Metal Exchange after the Christmas holidays, continuing strong gains at the end of the year in the face of tightening global supply. The price rose 6.6% in the first few minutes after opening, the biggest intraday increase since 2022, and the price approached $13,000 per tonne. As of the afternoon London time, the increase had narrowed to around 1.6%. Meanwhile, copper futures fell in the New York market, taking back most of the gains achieved when LME closed last Friday. The increase in copper prices this year is expected to reach the highest level since 2009. Copper prices have been greatly boosted by large unplanned mine shutdowns, uncertainty surrounding Trump's trade policies, and unprecedented pressure on global smelters.

Copper prices fluctuated higher. Copper jumped sharply during the reopening of the London Metal Exchange after the Christmas holidays, continuing strong gains at the end of the year in the face of tightening global supply. The price rose 6.6% in the first few minutes after opening, the biggest intraday increase since 2022, and the price approached $13,000 per tonne. As of the afternoon London time, the increase had narrowed to around 1.6%. Meanwhile, copper futures fell in the New York market, taking back most of the gains achieved when LME closed last Friday. The increase in copper prices this year is expected to reach the highest level since 2009. Copper prices have been greatly boosted by large unplanned mine shutdowns, uncertainty surrounding Trump's trade policies, and unprecedented pressure on global smelters.