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Shanghai copper hits record high

Gulf Today

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December 27, 2025

Shanghai copper hit a record high on Friday, on signs that feedstock supply will continue to be tight next year, and China's plans to rein in copper projects to curb irrational expansion.

The most-active copper contract on the Shanghai Futures Exchange closed daytime trading up 3.6% at 98,720 yuan ($14,083.34) a metric tone, after touching an all-time high of 99,730 yuan a tone earlier in the session.

The contract was set for a weekly gain of nearly 6%.

The London benchmark peaked at $12,282 on Wednesday.

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