Copper Prices Rise In Shanghai As Chinese Traders Return

On February 24, 2026, copper prices rebounded as Chinese traders returned to the market following the Lunar New Year holiday. The most-active copper contract on the Shanghai Futures Exchange climbed 1.40% to 102,190 yuan ($14,817.88) per metric ton, while the benchmark three-month copper on the London Metal Exchange (LME) gained 2.29% to $13,163.50. This uptick comes despite ongoing concerns regarding rising inventories and uncertainties surrounding U.S. tariffs, particularly after President Donald Trump announced a temporary 15% tariff on imports following the U.S. Supreme Court's rejection of his previous emergency tariffs. Analysts from ING noted that the Supreme Court's ruling reduced immediate risks to global trade flows and industrial demand, although they cautioned that upside potential may remain limited due to existing sector-specific tariffs.