Group 1 - London copper prices reached a historical high this week, but analysts suggest that this upward trend may not be sustainable [1] - On Thursday, the three-month copper contract on the London Metal Exchange (LME) fell by 2.6%, closing at $10,897 per ton, a decrease of $287 from the previous trading day, ending a six-day rally [1] - Copper prices have increased approximately 6% this month, but remain about 10% lower than the historical peak reached at the end of July [1] Group 2 - The recent surge in copper prices was primarily driven by optimistic expectations from the US-China trade talks, although the trade situation remains unresolved [1] - Supply-side uncertainties have also played a significant role in the recent price increase, with major mining companies like Glencore lowering their production forecasts for 2025 [1] - Goldman Sachs indicated that concerns over supply crises may be overstated, suggesting that any potential supply gap could be offset by strong scrap copper exports and increased production from marginal producers [2]
伦敦铜价创下历史新高 分析师：本轮涨势或难维持
Zhi Tong Cai Jing·2025-10-30 22:23