Wednesday 29/October/2025 – 06:54 PM
I registered Copper prices A strong jump during today’s trading, driven by growing concerns about supply disruptions and a decline in production in a number of the largest mines around the world.
Declining global production pushes copper prices to unprecedented levels
According to Reuters, the prices of three-month copper futures contracts on the London Metal Exchange rose to $11,146 per ton, before paring part of their gains later, approaching the record recorded in May 2024 at $11,104.50 per ton.
The global mining company Glencore announced that it was reducing its expectations for copper production during the current year, after a decline in production in the first nine months.
Anglo American revealed that the production of its main factory in Chile will be less than estimated next year, which has increased pressure on global supplies and pushed prices to continue to rise.
This rise comes amid expectations that prices will continue to rise, if the operational and supply challenges facing major producers in global markets continue.
