Copper Price Increases Thanks to Expectations from China

On October 23, 2024, copper price on the London Metal Exchange (LME) increased 0.9%, reaching 9,648 USD/ton.

The increase was driven by expectations of new economic stimulus measures from China, the world’s top copper consumer, although a stronger US dollar reduced the appeal of the metal.

China’s economic support measures are likely to maintain high demand for copper imports. Other metals such as aluminium and zinc also rose during the session.

More about copper price

• 
  Copper Price Forecast 2026: Could Prices Stay Elevated?

  Copper prices may remain elevated in 2026 as supply constraints continue to affect the market while demand from power grids,...

• 
  Copper Price Today

  Copper Price Update Today on the Market According to compiled data from sources such as Platts Metals Week, Engineering and...

• 
  The price of copper has increased by 1.5% reaching the $10,000 USD mark.

  Early in the morning of September 25, the copper price was recorded trading directly on the LME at 9,844 USD/ton,...