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Metals: copper is on the rise

29/09/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Backed by a weaker dollar and concerns about global supply, copper prices have increased this Monday. After an accident at the second largest mine in the world.

The reference copper price at three months on London Metal Exchange rose 0.8 percent to $10,259.50 per metric ton at 09:51 GMT.

The metal is up 3.6% this month after reaching a 15-month high to $10,485 on Thursday, as analysts lowered their supply forecasts for 2025 and 2026 after a disruption at the Grasberg mine in Indonesia.

Among the other metals in LME, aluminum increased by 0.5% to 2 $669 per ton, zinc added 1.1% to $2,918.50, lead lost 0.3% to 1 $997, tin gained 0.4% to $34,615 and nickel rose 0.4% to 15,230 $.

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