金属均飘红 期铜收高逾4% 智利铜矿罢工加剧供应担忧【1月5日LME收盘】

Group 1: Copper Market Dynamics - LME copper prices surpassed $13,000 per ton for the first time due to a strike at a copper mine in Chile, raising supply concerns and expectations of a supply shortfall [1] - On January 5, LME three-month copper rose by $522, or 4.19%, closing at $12,991.5 per ton, with an intraday high of $13,045, marking a new record [1][2] - Comex copper surged 4.6% to $5.9005 per pound, equivalent to $13,008 per ton, also reaching a historical high [3] Group 2: Supply and Demand Factors - The Mantoverde copper-gold mine in northern Chile, which is expected to produce between 29,000 and 32,000 tons, contributes to heightened supply shortage concerns despite being a small fraction of the global copper output [3] - UBS analysts project a copper demand growth of approximately 3% by 2026, while refined copper supply is expected to grow by less than 1%, leading to a potential shortfall of 300,000 to 400,000 tons, which may expand to about 500,000 tons by 2027 [3] - LME copper inventories have decreased by 55% since late August, currently standing at 142,550 tons, with most copper leaving the LME system heading to the U.S. [3] Group 3: Other Metals Performance - LME three-month aluminum increased by $70, or 2.32%, closing at $3,085.5 per ton, reaching its highest level since April 2022 due to supply shortage concerns [3] - LME three-month tin rose by $2,057, or 5.09%, closing at $42,466 per ton, attributed to short covering in a low-volume market [4] Group 4: Market Influences - The pricing of LME metals has historically been influenced by capital expenditures in China, but there is a growing need to consider capital expenditures in regions like Indonesia [4]