Europe Asia News

Copper continues to benefit from the global energy transition, contributing to a 42% annual gain in New York. Prices were further supported by the recent decline in the U.S. dollar, which made raw materials more attractive for international buyers; however, concerns persist over the possibility of the United States reviewing its tariffs in 2026, increasing the risk of supply tightness in global markets.

Structural demand for copper remains strong, driven by long-term trends such as electric vehicles, renewable energy projects, expansion of power grids, and the development of artificial intelligence infrastructure.

In China, prices climbed 2.7% to $14,090 per ton after leading copper smelters once again refused to set processing fee guidance for the first quarter of 2026, reflecting ongoing raw material shortages and record-low processing fees.