LME Copper Hits Record $14,779 a Ton as Shanghai Futures Rise Above 111,720 Yuan

LME copper futures touched a record $14,779 a ton on September 8, while the most-traded Shanghai copper contract cu2610 rose as high as 111,720 yuan a ton and domestic spot copper prices reached a record 111,400 yuan a ton, up 1,370 yuan on the day, according to Jiemian News. The article said the price surge came as market participants and industry executives remained bullish on copper, with a futures company researcher saying copper prices were likely to rise, CICC saying in its second-half 2026 outlook that copper prices had stronger upside certainty and could move toward a new high of $15,000 a ton, and Zijin Mining and Luoyang Molybdenum citing tight supply and new demand from AI and other emerging sectors.