LME three-month copper rises 1.1% to $14,461.50 per ton

智通财经2026/10/09 02:26

Show original

Analysts at ANZ Bank stated in a research report that rising energy prices and an overnight sell-off in the Nasdaq, which is dominated by tech stocks, have dampened investors’ risk appetite. However, copper prices remain near historic highs, supported by constrained supply. The analysts noted that workers at the Centinela copper mine in Chile are on strike, exacerbating supply limitations. They also indicated that market sentiment has turned relatively optimistic as Chinese traders return after a week-long holiday, providing some support for copper prices. According to ICE data, London Metal Exchange (LME) three-month copper futures rose by 1.1% to $14,461.50 per ton.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

Trump pressures Mexico to increase purchases of U.S. natural gas, energy cooperation becomes a new focus in trade negotiations

智通财经•2026/10/10 07:36

German central bank official warns: Risk of European debt crisis is rising sharply

智通财经•2026/10/10 07:36

Apple adjusts 2026 fall new device orders, increases iPhone Duo order by 30%

智通财经•2026/10/10 06:36

Led by a former BioNTech executive, Bambusa Therapeutics (BBTX.US) is heading for NASDAQ to fund clinical trials for its eczema drug.

智通财经•2026/10/10 06:21