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Robert Friedland: Copper surges to all-time high above $14,500 per tonne on the LME

Robert Friedland: Copper surges to all-time high above $14,500 per tonne on the LME
Copper reaches all-time high on LME

Copper prices on the London Metal Exchange reached a new peak, exceeding $14,500 per tonne. The rise was attributed to a combination of surging demand, particularly from expanded grid infrastructure and rapid data-center development, and a constrained supply environment. Robert Friedland identified these factors as contributing to the unprecedented movement in copper markets on a day when market participants returned from summer breaks.

Friedland previously forecast an uptick in transactions aimed at securing critical metal supplies as global demand intensifies. He also noted supply chain disruptions in Africa, where a sulphuric acid shortage pushed Kolwezi spot prices above $1,300 per tonne. These recent developments highlight the industry’s ongoing challenges with sourcing and logistics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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