Copper spikes near $13,000 a ton as London catches up after holiday, tariff fears bite
Benchmark copper on the London Metal Exchange surged to a record $12,960 a ton Monday before easing to $12,415 as trading resumed after a UK holiday. U.S. Comex futures and China’s copper contract also hit all-time highs, driven by tariff concerns and Beijing’s plan to limit capacity growth. Shipments into the U.S. have tightened supply elsewhere. LME copper is up about 41% this year.