Copper Prices Hit a Record High. Why a Blowup Could Be Coming Soon.
Copper was back up 6% to $6.28 a pound after hours Thursday. Copper has now jumped roughly 40% since crashing at the end of July, moving higher alongside precious-metal cousins silver and gold. Glencore followed that up on Thursday, reporting an 11% decline in copper production in 2025 and guiding for another potential drop in 2026, though this outlook wasn’t news to investors.
Copper was back up 6% to $6.28 a pound after hours Thursday. Copper has now jumped roughly 40% since crashing at the end of July, moving higher alongside precious-metal cousins silver and gold. Glencore followed that up on Thursday, reporting an 11% decline in copper production in 2025 and guiding for another potential drop in 2026, though this outlook wasn’t news to investors.