In London, three-month copper futures rose 1.5% to $13,195 per ton; aluminum and tin also recorded their highest prices since 2022. Spot copper prices on the London Metal Exchange (LME) rose 0.9% to $13,116.50 per ton.
The surge in demand for copper in the US ahead of President Donald Trump's tax decisions has driven the price of the commodity up by more than 20% since mid-November 2025. Experts believe this trend stems from the prediction that supply will shift to the US to avoid import tariffs under Trump, leading to shortages in other markets.
Other base metals also surged: aluminum rose 0.7%, heading toward its highest closing price since April 2022, while tin gained more than 3%, bringing its year-to-date gains to 16%. Nickel and aluminum also jumped last week, indicating a fairly solid upward momentum in the metals market.
According to Comex, copper inventories – considered a key indicator of global supply shifts – have risen for 42 consecutive weeks and reached a record high, reflecting strong demand from investors.
The LMEX Index, a composite index of base metals, has risen for four consecutive weeks and reached its best level since August 2025, confirming that the upward momentum in base metals remains sustainable.
Aggregate data shows that investors continue to pour capital into base metals, seeing them as a channel to benefit from the US's loose monetary policy, a weakening US dollar, and uncertainties in global supply chains.
Source: https://vtv.vn/gia-dong-tien-sat-muc-ky-luc-100260112182342257.htm
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