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Informist, Thursday, Dec. 4, 2025

--LME 3-month copper contract hits new record high of $11,524 per tn 

--MCX Dec copper contract hits new record high of INR 1,087.2 per kg 

MUMBAI – Futures contracts of copper rose to a record high on the Multi Commodity Exchange and the London Metal Exchange on Thursday due to concerns about supply disruption. Copper output in Chile – the world's largest producer of the metal – fell 7% on year in October to 458,405 tonnes, according to Statistics agency INE.

At 1002 IST, the most-active December contract of copper on MCX was up 0.7% at INR 1,083.5 per kg, after rising to a record high of INR 1,087.2 per kg earlier in the day. The three-month copper contract on LME was up 3.1%, at $11,487.5 per tonne, after hitting a high of $11,524 per tonne.  

The rise in copper prices was also due to large volumes of the metal being shipped into the US due to fears of tariffs. Traders have been ramping up shipments to the US amid speculation that the Trump administration could impose new import tariffs next year, squeezing supply in other regions. The market has also been roiled by unplanned disruptions at major mines in Indonesia, Chile, and the Democratic Republic of Congo.  End

US$1 = INR 90.30

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Reshma Ravi

Edited by Avishek Dutta

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