金属普涨 期铜升至历史新高，投机客蜂拥而至【1月29日LME收盘】

Core Viewpoint - On January 29, 2024, copper prices on the London Metal Exchange (LME) surged to a historic high of over $14,000 per ton, driven by strong demand expectations, a weak dollar, and geopolitical concerns, although prices later retracted significantly [1]. Group 1: Copper Price Movements - LME three-month copper rose by $531.5, or 4.06%, closing at $13,618.0 per ton after reaching an intraday peak of $14,527.50 [1][2]. - The price volatility marked the largest single-day increase in over 15 years, with other metals also experiencing similar fluctuations [1]. Group 2: Market Dynamics - Speculative buying, particularly from funds, has been a significant driver of copper prices, despite warnings from analysts about potential demand suppression due to high prices [3]. - Analysts noted that expectations of stronger economic growth in the U.S. and increased spending on data centers, robotics, and electrical infrastructure are attracting investors to the base metals market [3]. Group 3: Other Metals Performance - Other base metals also experienced volatility, with LME tin reaching a new high of $59,040 per ton before falling by $869, or 1.55%, to close at $55,084.0 [5]. - LME three-month aluminum peaked at $3,356 per ton, the highest since April 2022, before declining by $38.5, or 1.18%, to close at $3,218.5 [5]. - LME three-month zinc increased by $48, or 1.43%, closing at $3,412.0, reaching its highest level since August 2022 [6].