Industrial metal traded on the London Metal Exchange and Comex, an input for power grids, data centres, renewables and electric vehicles.
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Copper set a nominal record of US$ 14,533 a tonne on the LME on September 7, as expectations of US tariffs on refined metal drained the London exchange's warehouses, per InfoMoney and Bloomberg Línea.
Updated September 09, 2026 · 2 verified articles
Market transmission
Price reflects China's industrial cycle, supply from ageing mines, exchange inventories and tariffs that shift metal between regions; it affects Vale and other producers.
Explanatory mechanism, not a forecast or recommendation.Replying to a CVM inquiry on September 8, Vale said it was unaware of any new fact or corporate decision on the Vale Base Metals IPO, after Valor reported, citing The Globe and Mail, that the plan had been shelved indefinitely; VALE3 rose as much as 2% and closed at R$ 79.02 (+0.51%) on higher iron ore.
The three-month copper contract on the London Metal Exchange rose 0.8% on September 7 to US$ 14,533 a tonne, topping January's record, on expectations that Trump will widen tariffs on refined metal and with inventories concentrated in the US.