Copper fell to around $5.77 per pound on Friday, hitting its lowest level in nearly six weeks, and on track for its worst week since late November, pressured by slowing demand from Chinese buyers and rising inventories. Reports showed that key consumer China had reduced purchases by fabricators and manufacturers as firms gradually pulled back ahead of the Chinese holidays. Stockpiles in LME warehouses across Asia are also climbing, further signaling softer demand. Analysts say the trend could accelerate as traders divert shipments from Africa to China to take advantage of temporary price gaps between Shanghai and London. Market sentiment was further weighed down after the China Nonferrous Metals Industry Association projected that refined copper output will rise about 5% in 2026, half the growth recorded in 2025.
Read Next
Markets
11 hours ago
Will Europe Run Out of Fuel?
Markets
13 hours ago
Iranian War Hits Markets
Markets
13 hours ago
Market Overview
Markets
18 hours ago
Trade of The Day – S&P500
Energies
18 hours ago
Chart of The Day – Oil
Indices
18 hours ago
DAX Plunges Over 2%
Metals
22 hours ago
Iron Ore Pressured by Tangshan Curbs
11 hours ago
Will Europe Run Out of Fuel?
13 hours ago
Iranian War Hits Markets
13 hours ago
Market Overview
15 hours ago
Gold surges on safe-haven flows amid US-Iran war
18 hours ago
Trade of The Day – S&P500
18 hours ago
Lagging Sentiments on Wall Street – S&P 500 Earnings Season Highlight
18 hours ago
Crypto – Bitcoin Gains Almost 2% Despite Middle Eastern Tensions
18 hours ago
Chart of The Day – Oil
18 hours ago
DAX Plunges Over 2%
22 hours ago
Iron Ore Pressured by Tangshan Curbs
Related Articles
Check Also
Close
-
Hang Seng Pares Gains After Two-Month HighJanuary 13, 2026





