Copper Price Surges
Copper Price Jumps 5% to Highest Level Since July
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Mining.comAccording to a report by Mining.com, copper prices have surged by over 5% to reach the highest level since the short squeeze in July. The price increase is attributed to supply disruptions, including a deadly accident at the Grasberg mine in Indonesia and an underground flood at the Kamoa-Kakula mine in the Democratic Republic of Congo. As a result, copper prices on the New York and Shanghai markets have reached record highs, with prices near $14,270 a tonne on the Shanghai Futures Exchange. The surge in copper prices is expected to continue, with BMO Capital Markets forecasting an average price of $12,500 by the second quarter of 2026.