Core Viewpoint - The London Metal Exchange (LME) copper prices are rising, nearing $11,000 per ton, driven by ongoing supply concerns and optimistic trade outlooks [1] Group 1: Copper Market Insights - On October 24, LME three-month copper rose by $108.5, or 1%, closing at $10,962.5 per ton, with an intraday high of $10,979.50, marking the highest level since October 9 [1] - LME copper inventory has decreased to 136,350 tons, the lowest since the end of July, while Shanghai Futures Exchange copper inventory has fallen to 104,792 tons [4] Group 2: Supply and Demand Factors - Analyst John Meyer from SP Angel indicates that copper prices are expected to continue rising due to tightening supply, influenced by the mudslide incident at the Grasberg mine in Indonesia and persistent global copper demand [4] - Freeport's Grasberg copper mine has been out of production since the incident on September 8, and Antofagasta has projected its 2025 copper output to be at the lower end of the forecast range of 660,000 to 700,000 tons [4] Group 3: Other Base Metals Performance - Other base metals also experienced fluctuations; LME three-month aluminum fell by $3.5, or 0.12%, closing at $2,859.0 per ton, with an intraday peak of $2,883.50, the highest since May 2022 [2][4]
期铜逼近11000美元，受助于对供应短缺的担忧及乐观【10月24日LME收盘】
Wen Hua Cai Jing·2025-10-26 06:07