Copper Dec 25 (HGZ25) Futures: Record Highs, Supply Squeeze and 2026 Price Outlook (5–7 December 2025)
COMEX Copper December 2025 futures settled at $5.382 per pound on December 5, up 1.7% for the day and trading just below record highs. Volume reached 756 contracts. LME benchmark copper hit an all-time intraday high near $11,705 per tonne the same day. Citi forecasts copper could average $13,000 per tonne in Q2 2026, citing supply deficits.