Copper Prices Hit Three-Month High on Supply Concerns from Grasberg Mine Delay

Published: May 09, 2026 18:39 (GMT+8)
London copper prices climbed to a three-month high and were on track for their best weekly performance since January. This came after mining giant Freeport-McMoRan said the production recovery at its Grasberg mine in Indonesia would be slightly delayed, boosting market expectations of tightening supply.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn