Record copper prices above 14000 dollars spark investor concerns over market sustainability
Copper hit a record high on Thursday amid heavy speculative buying. Analysts warn that weak demand in China could lead to a sharp market correction soon.
Insights:
Benchmark copper on the London Metal Exchange surged 11% to reach a historic record of $14,527.50 a ton on January 29, 2026, marking the largest single-day percentage increase for the metal since November 2008. This dramatic price action in the base metals market was primarily fueled by a wave of speculative buying and intensive short-covering, catching many market participants off guard. The sudden rally has fundamentally altered investor positioning and forced traders to evaluate whether to chase these unprecedented price levels or brace for a potential reversal.
