多重因素共同推动 伦铜价格创历史新高

Group 1 - The core viewpoint of the articles highlights the significant rise in copper prices, driven by a combination of supply-demand imbalances, geopolitical tensions, and macroeconomic factors [1][2][4] - Copper prices on the London Metal Exchange (LME) reached a record high of $13,387.50 per ton on January 6, 2026, following a 4.96% increase the previous day [1] - The price of copper increased by over 42% in 2025, marking its best annual performance since 2009, making it the top-performing industrial metal on the LME [1] Group 2 - Supply disruptions from major copper mines, such as Indonesia's Grasberg and the Democratic Republic of Congo's Kamoa-Kakula, have created a persistent supply crisis [2] - The Mantoverde copper mine in Chile faced strikes, further tightening market supply [2] - The U.S. tariff policies have exacerbated the supply shortage, with significant amounts of copper being preemptively shipped to the U.S., leading to shortages in other regions [2] Group 3 - The ongoing global transition towards green and automated economies has sustained high demand for copper, particularly in industries like electric vehicles and renewable energy [2][3] - A study commissioned by the European Metal Producers Association indicates that Europe will require substantial new supplies of nickel, lithium, and cobalt to meet carbon neutrality goals by 2050 [3] - The prices of various base metals, including copper, aluminum, and nickel, have seen consecutive increases, reflecting market concerns over future supply [3] Group 4 - Developed countries have been focusing on the security of critical mineral supplies for several years, with the UK and Canada signing a cooperation agreement to enhance collaboration in this area [4] - The macroeconomic environment, characterized by low interest rates and a declining dollar index, has provided a supportive backdrop for rising copper prices [4] - Market analysts expect copper prices to continue rising in the first half of 2026, driven by supply-demand dynamics, despite potential corrections due to speculative bubbles [5]