Copper Prices Surge In London And Shanghai Amid Chinese Demand

On February 25, 2026, copper prices continued to rise, with the benchmark three-month copper on the London Metal Exchange (LME) advancing 0.76% to $13,267 per metric ton, after reaching a peak of $13,286. This upward momentum is attributed to restocking demand as Chinese traders returned from the Lunar New Year holiday, with the most-traded copper contract on the Shanghai Futures Exchange climbing 0.82% to 102,440 yuan ($14,907.52) a metric ton. Analysts at Citi expressed a bullish outlook, predicting copper prices could reach $14,000 a ton in the next three months due to expectations of firmer demand in China and financial dip-buying. The Yangshan copper premium, a key indicator of China's appetite for imported copper, also reflected this optimism, jumping 60% to $53 a ton on Tuesday.