LME three-month copper rises 1.1% to $14,461.50 per ton

智通财经2026/10/09 02:26

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Analysts at ANZ Bank stated in a research report that rising energy prices and an overnight sell-off in the Nasdaq, which is dominated by tech stocks, have dampened investors’ risk appetite. However, copper prices remain near historic highs, supported by constrained supply. The analysts noted that workers at the Centinela copper mine in Chile are on strike, exacerbating supply limitations. They also indicated that market sentiment has turned relatively optimistic as Chinese traders return after a week-long holiday, providing some support for copper prices. According to ICE data, London Metal Exchange (LME) three-month copper futures rose by 1.1% to $14,461.50 per ton.

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Analysts at ANZ Bank stated in a research report that rising energy prices and an overnight sell-off in the tech-heavy Nasdaq market have both dampened investors’ risk appetite. However, supported by limited supply, copper prices remain near historic highs. The analysts pointed out that workers at Chile’s Centinela copper mine are on strike, further tightening supply constraints. The analysts also noted that after Chinese traders returned from a week-long holiday, market sentiment was relatively optimistic, which provided some support for copper prices. According to ICE data, London Metal Exchange (LME) three-month copper futures rose 1.1% to $14,461.50 per ton.

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(1) Japanese Prime Minister Sanae Takaichi stated that enhancing Japan’s global economic competitiveness will ultimately boost market confidence in the yen. (2) She defended her fiscal policies in response to concerns that the planned tax cuts might weaken support for the yen. (3) During a parliamentary session, she said: "Regarding our proactive and responsible fiscal policy, we believe that enhancing Japan’s global economic competitiveness will ultimately help maintain market confidence in the yen. This means we are taking a consistent policy approach."

智通财经•2026/10/09 05:06