16:25 - 3.12.2025

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December 3, Fineko/abc.az. Copper prices have reached a new record since 2013 due to rising demand in Asia. Thus, the cost of this metal increased by 2.4% and exceeded $11,400.

ABC.AZ informs that concerns about global supplies have undermined investor interest in the metal. The copper market has been dominated by supply issues this year following a series of unplanned disruptions to mines in Indonesia, Chile and the Democratic Republic of the Congo.

Chinese steel and mining companies are negotiating supplies for 2026, but these negotiations are difficult due to the dominant position of mining companies.

Chinese copper smelters and a Chilean mining company are at an impasse in negotiations over tariffs.