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Copper to Hold Gains in 2026 as Mine Disruptions Fuel Deficit

Published: Oct 28, 2025 09:14
Reuters now expect the average copper price on the London Metal Exchange (LME) to reach US $10,500 per tonne in 2026, following a series of mine disruptions in Indonesia, Congo and Chile. The refined copper market is projected to swing into a ~150,000-tonne deficit in 2026, reversing a prior forecast of a surplus.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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