In China, prices gained 2.7% to 98,780 yuan (US$14,090 or RM56,722.79) a ton on the Shanghai Futures Exchange, while contracts rose 3% to hit US$5.743 (RM23.18) a pound on the Comex. The London Metal Exchange will reopen on Monday after the Christmas break. Comex contracts spiked to a record earlier this year in anticipation that US President Donald Trump would put tariffs on the metal. A continued rush of metal into the US has spurred concerns buyers elsewhere may end up scrambling for supplies. Futures were at 98,370 yuan a ton in Shanghai at 10.25am local time, while on the Comex, copper was at US$5.7205 a pound.

Source: The Edge Markets December 26, 2025 03:43 UTC