On the evening of September 8, copper prices once again surged. As of the press release, the price of copper on the London Metal Exchange hit 14,779 US dollars/ton, another record high. Shanghai Copper's main contract, CU2610, strengthened at the same time, hitting an intraday high of 111,720 yuan per ton, up more than 50% from the level of less than 70,000 yuan/ton in early 2025. Domestic copper spot prices also hit a new high, reaching 111,400 yuan/ton, rising 1,370 yuan/ton in a single day. The capital market already has sufficient expectations for this. “We have always judged that copper prices are likely to rise.” A researcher at a futures company told reporters. In its outlook for the second half of 2026, CICC clearly stated that the rise in copper prices is more certain and is expected to reach a new high of 15,000 US dollars/ton. The industrial chain giants are also bullish. In an interview with reporters, the management of the Luoyang Molybdenum Industry said that copper is still tight on the supply side, and emerging fields such as AI bring new demand support, and copper prices are expected to remain stable, moderate and positive. According to Zijin Mining's judgment, the scarcity of high-quality copper resources is compounded by mine-side supply constraints, and a pattern of long-term structural shortages in the copper market has been established. Why is the price of copper rising? Will it still rise? What is the impact of high copper prices? How can downstream enterprises respond? The reporter's first-line research found that this round of rapid rise in copper prices is not only a violent impact on old supply in the new economy, but also a microcosm of the global resource game; it has not only put tremendous pressure on the middle and lower reaches of the industrial chain, but also nurtures new market opportunities.

On the evening of September 8, copper prices once again surged. As of the press release, the price of copper on the London Metal Exchange hit 14,779 US dollars/ton, another record high. Shanghai Copper's main contract, CU2610, strengthened at the same time, hitting an intraday high of 111,720 yuan per ton, up more than 50% from the level of less than 70,000 yuan/ton in early 2025. Domestic copper spot prices also hit a new high, reaching 111,400 yuan/ton, rising 1,370 yuan/ton in a single day. The capital market already has sufficient expectations for this. “We have always judged that copper prices are likely to rise.” A researcher at a futures company told reporters. In its outlook for the second half of 2026, CICC clearly stated that the rise in copper prices is more certain and is expected to reach a new high of 15,000 US dollars/ton. The industrial chain giants are also bullish. In an interview with reporters, the management of the Luoyang Molybdenum Industry said that copper is still tight on the supply side, and emerging fields such as AI bring new demand support, and copper prices are expected to remain stable, moderate and positive. According to Zijin Mining's judgment, the scarcity of high-quality copper resources is compounded by mine-side supply constraints, and a pattern of long-term structural shortages in the copper market has been established. Why is the price of copper rising? Will it still rise? What is the impact of high copper prices? How can downstream enterprises respond? The reporter's first-line research found that this round of rapid rise in copper prices is not only a violent impact on old supply in the new economy, but also a microcosm of the global resource game; it has not only put tremendous pressure on the middle and lower reaches of the industrial chain, but also nurtures new market opportunities.