Copper Hits $11,771 Price Record as Favorable Market Conditions Prevail

This week, the price of a ton of copper briefly reached the unprecedented $11,771 price for each ton of the metal as several factors combined to boost the metal’s price. In the U.S., the Fed lowered its benchmark lending rate by 25 basis points. Such rate reductions weaken the dollar and make dollar-priced commodities more affordable for holders of other currencies.

However, the biggest positive signal for the metal came from China. A crucial policymakers’ meeting announced that the top goal for China in 2026 would be economic growth. The meeting vowed to implement a fiscal policy that was “more proactive,” and that monetary policy would be “moderately loose.”

Markets welcomed this news as a signal that the government would inject money into the economy to stimulate production and consumption.

Still in China, trade data added to the positive outlook for copper and the Chinese economy. According to recently released information, China’s trade surplus rose enough to exceed a trillion dollars. This news boosted markets, and copper ended the trading day in Beijing with a 1.5% price rally.

Additionally, an outlook published by the IEA forecasts that demand for copper to be used in clean energy technologies would surpass 33 million metric tons by 2035 compared to the 27 million metric tons of the metal that was used by these technologies in 2024. This projection highlights how constrained the supply side of the market could become over the coming decade as demand surges while supply growth is unable to keep pace.

Already, copper prices have been rising as a result of supply-side factors in a number of top-producing countries. For example, mine disruptions in Indonesia and D.R. Congo have caused volatility in the commodity’s market. Other issues like reducing ore grades in Peru and Chile are worsening the supply prospects for the metal at a time when demand is soaring.

Many projects in Peru and Chile have faced delays in obtaining the needed permits, and that is pushing forward their timelines for beginning production. If these delays persist for longer, new copper supplies on the global market will be constrained and that will exert upward pressure on prices.

As inventories on the LME shrink further, the market is bound to become even more sensitive to any development that affects supply. 2026 is therefore likely to experience sharp swings in copper prices if any news impacting supply filters through. You can be sure that companies like Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) that focus on copper exploration will have a finger on the pulse of the global copper market.

NOTE TO INVESTORS: The latest news and updates relating to Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) are available in the company’s newsroom at https://ibn.fm/ATBHF

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