Copper Prices Reach Record High Amid Supply Disruptions and Tariff Concerns

Copper prices have surged to a record high of $13,387.50 per ton, driven by strong demand, supply disruptions, and concerns over proposed U.S. tariffs on copper imports set for 2027 and 2028. The rally is fueled by mine disruptions, heavy stockpiling in the U.S., and increased demand for copper in data centers, power grids, electric vehicles, and renewable energy. The U.S. Commerce Secretary is expected to update on tariff decisions by June 30, influencing market dynamics further.

Latest News

01-07

Citi: Copper Price Breaks Through $13,000 per Ton Target, Maintains Bullish Outlook in Short Term

01-07

Citigroup Forecasts Copper Prices Could Break Through $14,000 per Ton in January and Peak

01-07

Copper Price Breaks Through $13,000, Pushing "Short-Term Target" Higher, But This Investment Bank Believes: January Could Be the Year's High!

User Discussion

L.Lim

01-19

Now with a trade war likely brewing between trump and europe, metals are going to continue their rally, no matter if precious or not

CC on ETFs

01-19

Copper Pulls Back — Is This Rally Finally Over?

Since the start of 2026, copper prices have remained volatile but biased higher. On January 14, LME copper surged to $13,407 per ton, marking a new all-time high. As of today, copper is trading at $12,939.5 per ton. While prices have seen some intraday fluctuations and a modest rebound, copper has clearly slipped back below the $13,000 level.Copper ETF Performance: Most copper mining-themed ETFs have delivered annualized returns exceeding 10% since the start of the year. The recent pullback following copper's price surge is also reflected in the after-hours price movements of copper ETFs. In today's after-hours trading, $Global X Copper Miners ETF(COPX)$ —the largest fund by assets—fell 0.01%, while $United S

Copper Pulls Back — Is This Rally Finally Over?

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On January 14, LME copper surged to $13,407 per ton, marking a new all-time high. As of today, copper is trading at $12,939.5 per ton. While prices have seen some intraday fluctuations and a modest rebound, copper has clearly slipped back below the $13,000 level.Copper ETF Performance: Most copper mining-themed ETFs have delivered annualized returns exceeding 10% since the start of the year. The recent pullback following copper's price surge is also reflected in the after-hours price movements of copper ETFs. In today's after-hours trading, <a href=\"https://ttm.financial/S/COPX\">$Global X Copper Miners ETF(COPX)$</a> —the largest fund by assets—fell 0.01%, while <a href=\"https://ttm.financial/S/CPER\">$United S</a>","listText":"Since the start of 2026, copper prices have remained volatile but biased higher. On January 14, LME copper surged to $13,407 per ton, marking a new all-time high. As of today, copper is trading at $12,939.5 per ton. While prices have seen some intraday fluctuations and a modest rebound, copper has clearly slipped back below the $13,000 level.Copper ETF Performance: Most copper mining-themed ETFs have delivered annualized returns exceeding 10% since the start of the year. The recent pullback following copper's price surge is also reflected in the after-hours price movements of copper ETFs. In today's after-hours trading, <a href=\"https://ttm.financial/S/COPX\">$Global X Copper Miners ETF(COPX)$</a> —the largest fund by assets—fell 0.01%, while <a href=\"https://ttm.financial/S/CPER\">$United S</a>","text":"Since the start of 2026, copper prices have remained volatile but biased higher. On January 14, LME copper surged to $13,407 per ton, marking a new all-time high. As of today, copper is trading at $12,939.5 per ton. While prices have seen some intraday fluctuations and a modest rebound, copper has clearly slipped back below the $13,000 level.Copper ETF Performance: Most copper mining-themed ETFs have delivered annualized returns exceeding 10% since the start of the year. The recent pullback following copper's price surge is also reflected in the after-hours price movements of copper ETFs. In today's after-hours trading, $Global X Copper Miners ETF(COPX)$ —the largest fund by assets—fell 0.01%, while $United S","images":[{"img":"https://community-static.tradeup.com/news/2bcaeb9ab7c7819098d758d9dc9b10d8","width":"820","height":"397"},{"img":"https://community-static.tradeup.com/news/39aed1ca52dd85a703baadeb2d2da3ee","width":"865","height":"234"},{"img":"https://community-static.tradeup.com/news/785bbc259cd520064f9ff8506e1100c7","width":"865","height":"371"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":46,"commentSize":8,"repostSize":7,"link":"https://ttm.financial/post/523420070035968","isVote":1,"tweetType":1,"viewCount":2171,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[{"author":{"id":"4143001014413252","authorId":"4143001014413252","name":"TimothyX","avatar":"https://community-static.tradeup.com/news/88095d545705c78d936c6451b3bf62a0","crmLevel":11,"crmLevelSwitch":0,"idStr":"4143001014413252","authorIdStr":"4143001014413252"},"content":"Copper ETF performance: The annualized return rate of most copper mining themed ETFs has exceeded 10% since the beginning of the year. The correction after the recent surge in copper prices is also reflected in the after-hours price trend of copper ETFs. In today's after-hours trading, the $Global X Copper Miners ETF (COPX) $-the largest fund by assets-fell 0.01%, while the $US Copper Index Fund (CPER) $rebounded 0.03% and the $iShares Copper and Metal Mining ETF (ICOP) $rose 0.83%.","text":"Copper ETF performance: The annualized return rate of most copper mining themed ETFs has exceeded 10% since the beginning of the year. The correction after the recent surge in copper prices is also reflected in the after-hours price trend of copper ETFs. In today's after-hours trading, the $Global X Copper Miners ETF (COPX) $-the largest fund by assets-fell 0.01%, while the $US Copper Index Fund (CPER) $rebounded 0.03% and the $iShares Copper and Metal Mining ETF (ICOP) $rose 0.83%.","html":"Copper ETF performance: The annualized return rate of most copper mining themed ETFs has exceeded 10% since the beginning of the year. The correction after the recent surge in copper prices is also reflected in the after-hours price trend of copper ETFs. In today's after-hours trading, the $Global X Copper Miners ETF (COPX) $-the largest fund by assets-fell 0.01%, while the $US Copper Index Fund (CPER) $rebounded 0.03% and the $iShares Copper and Metal Mining ETF (ICOP) $rose 0.83%."},{"author":{"id":"4144844151777102","authorId":"4144844151777102","name":"Cadi Poon","avatar":"https://community-static.tradeup.com/news/c61260ad7946980c4c2c1b47d8284c1e","crmLevel":11,"crmLevelSwitch":0,"idStr":"4144844151777102","authorIdStr":"4144844151777102"},"content":"The core driver of the correction after this round of copper surge is the expected easing of U.S. tariff policy, as well as the downward revision of expectations for copper supply growth. Market dynamics reflect this change through slowing inventory shifts and narrowing price spreads. On January 14, 2026, Donald Trump said he was \"currently determined not to impose tariffs on rare earths, lithium, and other critical minerals.\" With copper included in the list of critical minerals, the urgency of potential tariff increases is greatly reduced. As a result, after the LME copper price peaked on January 14, copper gradually pullback/retracement below the $13,000 level. Looking ahead, prices are likely to continue to fluctuate in the short term, but they are unlikely to return to such high levels.","text":"The core driver of the correction after this round of copper surge is the expected easing of U.S. tariff policy, as well as the downward revision of expectations for copper supply growth. Market dynamics reflect this change through slowing inventory shifts and narrowing price spreads. On January 14, 2026, Donald Trump said he was \"currently determined not to impose tariffs on rare earths, lithium, and other critical minerals.\" With copper included in the list of critical minerals, the urgency of potential tariff increases is greatly reduced. As a result, after the LME copper price peaked on January 14, copper gradually pullback/retracement below the $13,000 level. Looking ahead, prices are likely to continue to fluctuate in the short term, but they are unlikely to return to such high levels.","html":"The core driver of the correction after this round of copper surge is the expected easing of U.S. tariff policy, as well as the downward revision of expectations for copper supply growth. Market dynamics reflect this change through slowing inventory shifts and narrowing price spreads. On January 14, 2026, Donald Trump said he was \"currently determined not to impose tariffs on rare earths, lithium, and other critical minerals.\" With copper included in the list of critical minerals, the urgency of potential tariff increases is greatly reduced. As a result, after the LME copper price peaked on January 14, copper gradually pullback/retracement below the $13,000 level. Looking ahead, prices are likely to continue to fluctuate in the short term, but they are unlikely to return to such high levels."}],"imageCount":4,"langContent":"EN","totalScore":0}]}