Copper Rises to Three-Month High on China Manufacturing Rebound
(Bloomberg) -- Copper rose to a three-month high, boosted by buying toward the close of trading in China, on signs factory activity is recovering in the world’s second-largest economy.
Most Read from Bloomberg
-
Struggling Downtowns Are Looking to Lure New Crowds
-
Sprawl Is Still Not the Answer
-
California Exempts Building Projects From Environmental Law
The three-month contract on the London Metal Exchange climbed as much as 1.3% to $10,000 a ton on Tuesday, aligned with gains seen in the final hour of trading in Shanghai.
An improvement in Chinese manufacturing last month suggests the top copper consumer is benefiting from a truce in the trade-war with the US.
“It has been a China bid which has really spurred the moves today,” said Al Munro, an analyst at Marex Group. “Regardless of any speculation around the state of the macro, the flows and data this desk observes remain positive.”
US Treasury Secretary Scott Bessent told Bloomberg TV on Monday that Washington’s negotiations with Beijing would focus first on reciprocal tariffs, and only “later” on duties on copper and other raw materials.
A delayed decision on tariffs would justify a premium on US copper, giving traders a longer window to ship the metal to American warehouses before levies take effect. This could further tighten supplies in other markets.
For now, though, there are signs that the worst of a supply squeeze in London is over, with key spreads softening on the LME. The so-called Tom/next spread, which is the cost of rolling a short cash position overnight, has eased significantly after surging last week to the highest since 2021.
LME copper settled 0.7% higher at 9,934 a ton in London, while nickel and aluminum were little changed.
--With assistance from Charlie Zhu and Winnie Zhu.
Most Read from Bloomberg Businessweek
-
SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too
-
How to Steal a House
-
America’s Top Consumer-Sentiment Economist Is Worried
-
China’s Homegrown Jewelry Superstar
-
Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate
©2025 Bloomberg L.P.
This article underscores the importance of Chinese manufacturing in driving global economic recovery as copper prices surge to a three-month high, signaling potential growth and renewed demand from this vital sector.
The surge of copper prices to a three-month high on the backdrop of China’s manufacturing rebound demonstrates robust demand and economic resilience in Asia'stopgrowthengine, indicating positive prospects for industrial recovery across various sectors.
The Chinese manufacturing sector's positive rebound is credited as the major driver lifting copper prices to a three-month high, highlighting fine prospects for metal demand and reaffirming China’ bidding power in global commodity markets.
This article underscores the strong impact of China's revitalized manufacturing sector on global commodity markets as copper surges to a three-month high, indicating an economicturnaround in key Asian market and possibly triggering further growth expectations worldwide.
The surge of copper prices to a three-month high on the backdrop of China's manufacturing sector rebounding underscores its crucial role as an economic indicator, signaling stronger activity and potential growth despite ongoing global uncertainties.
The soaring copper prices to a three-month high on the back of China's manufacturing rebound highlights resilience in global supply chains and underscores expectations for stronger economic growth momentum.
The surge in copper prices to a three-month high on the back of China's manufacturing rebound underscores both robust domestic demand and global optimism about economic recovery.
The surge of copper prices to a three-month high on the backdrop of China's manufacturing rebound underscores not only an economic recovery but also strengthened demand in key industries, further highlighting resilience despite global uncertainties.
China's manufacturing rebound is significantly boosting the price of copper to a three-month high, showcasing an improved economic picture and increased demand for metals in this sector.
This surge of copper prices reflects not only the faster-than expected economic turnaround in China's manufacturing sector but also highlights a growing demand for essential commodities amidst global infrastructure projects.
The recent surge in copper prices to a three-month high on the back of China's制造业复苏向好， underscores both an economic rebound and increased demand for essential commodities across its vast supply chain, signaling further optimism towards global industrial growth prospects.
