China copper price surge sends LME prices past $14,500 per ton

China copper price surge shocks global metals markets

China copper price surge triggered one of the strongest rallies in modern metals trading. Copper prices jumped more than 11 percent on the London Metal Exchange. The metal briefly traded above $14,500 per ton for the first time. However, prices later retreated sharply during U.S. trading hours.

This China copper price surge followed aggressive buying by Chinese investors. Trading volumes spiked during Asian hours when Chinese flows dominate markets. Meanwhile, copper prices have gained roughly 21 percent since early December. As a result, bullish sentiment intensified across global base metals.

Market veterans highlighted the scale of the move. Former Trafigura trader Mark Thompson warned that supply disruptions could push prices even higher. He emphasized that copper markets rarely experience such momentum-driven rallies.

China copper price surge driven by speculation and currency shifts

China copper price surge gained strength as the U.S. dollar weakened sharply. The dollar index fell to its lowest level in over four years. Consequently, commodities became more attractive to global investors. Chinese funds also shifted capital away from U.S. Treasuries into metals.

The LMEX index of base metals reached a record high. Tin, silver, and aluminum followed copper higher. Meanwhile, the Shanghai Futures Exchange recorded its busiest month ever for base metals trading. Copper posted its second-highest daily volume on record.

Exchanges move to cool overheated trading

Regulators reacted quickly to extreme price action. SHFE raised margin requirements across several metals contracts. The exchange also imposed trading restrictions on select clients. Officials urged investors to manage risk responsibly.

Despite the rally, demand signals remain mixed. China still accounts for roughly half of global copper consumption. However, LME contango widened, signaling adequate near-term supply. Therefore, analysts warned that prices may have outrun physical demand.

SuperMetalPrice Commentary:

China copper price surge reflects speculative momentum rather than immediate consumption growth. Currency weakness and capital rotation continue to amplify price swings. However, volatility risks remain elevated as exchanges tighten controls. SuperMetalPrice expects sharp pullbacks alongside further upside tests in 2026.