LME copper hits record high as funds and fundamentals align

Copper prices soared to a record-nominal high of US$11,200 per metric ton on the London Metal Exchange as fund-manager long-positions surged and supply concerns from mine disruptions intensified. The move is supported by strong demand expectations, particularly from China’s infrastructure push and green-energy transition, while production setbacks create tighter markets. Analysts say the confluence of financial flows and physical stress marks a structural shift in the copper-market narrative. The rise has implications for inflation, industrial-metal portfolios and sectors reliant on copper input.