(Jan 23): Copper climbed towards US$13,000 (RM52,164) a tonne, rising along with other metals on dollar weakness and a broad investor rotation away from currencies and sovereign bonds. The industrial metal advanced as much as 1.4% on the London Metal Exchange, while nickel and tin jumped. President Donald Trump’s shakeup of the geopolitical order and renewed attacks on the Federal Reserve are spurring a flight to safety. While that would normally only benefit gold and silver, the impact has recently been spilling over into base metals. Copper rose 1.1% to US$12,890.50 a tonne on the LME as of 11:27am Shanghai time.

Source: The Edge Markets January 23, 2026 04:42 UTC