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In March, 3M LME copper prices traded within a volatile range of $11,700 – $13,433 per ton. Price movements throughout the month were primarily driven by geopolitical developments, macroeconomic expectations, and investor sentiment.   At the beginning of the month, escalating tensions between the United States, Israel, and Iran, along with Iran’s effective closure of the Strait of Hormuz—a critical route for global commodity trade—heightened concerns over potential supply disruptions,...

In February, 3M LME copper traded within a range of $12,414.5–13,527 per ton, showing a volatile but ultimately positive performance. Prices faced initial pressure from reports that China planned to increase copper stockpiles, rising inventories in LME registered warehouses, and ongoing concerns over short-term demand. Officials from the state-backed China Nonferrous Metals Industry Association indicated that China would expand its strategic copper reserves and develop a state-managed...

During January 2026, 3 month LME copper prices traded within a range of 12,444 - 14,527.5 usd/ ton, exhibiting a strong performance throughout the month. Price movements were primarily driven by supply-side risks, macroeconomic expectations, and investor sentiment. At the beginning of the month, copper prices opened with a premium following the failure of negotiations between the main labor union and the company over new labor agreements at Capstone Copper’s Mantoverde copper and gold mine in...