Copper Prices Rise Above $14,000 per Tonne Due to Supply Shortage, ANZ Says

MT Newswires Live

3 hours ago

Copper prices have risen above $14,000 per tonne due to supply tightening on multiple fronts, ANZ Research said in a Thursday report.

The export ban on copper concentrate by the Democratic Republic of Congo tightened the market, while copper concentrate production from producers such as Chile and Peru disappointed, with mining output falling in June. China's refined copper output fell 3% year-over-year to 1.1 million tonnes in June.

South American production is forecast to contract by 3% to 8.5 million tonnes within the year, marking a consecutive year of decline.

Tariff-driven metal flows into the US also continue to distort the global copper balance.

The squeeze pushed the cash-to-three-month futures spread to a multi-year high of $400 per tonne before it normalized to around $100 per tonne.

BHP Group's (ASX:BHP) shares fell 1% in recent trading on Thursday, while those of Rio Tinto (ASX:RIO) and Capstone Copper (ASX:CSC) rose 1%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2664810829"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2664810829\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2664810829?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-03 13:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2664810829","market":"sg","top_or_hot":-1,"title":"Copper Prices Rise Above $14,000 per Tonne Due to Supply Shortage, ANZ Says","media":"MT Newswires Live","content":"<html><body><p> Copper prices have risen above $14,000 per tonne due to supply tightening on multiple fronts, ANZ Research said in a Thursday report.</p><p>The export ban on copper concentrate by the Democratic Republic of Congo tightened the market, while copper concentrate production from producers such as Chile and Peru disappointed, with mining output falling in June. China's refined copper output fell 3% year-over-year to 1.1 million tonnes in June.</p><p>South American production is forecast to contract by 3% to 8.5 million tonnes within the year, marking a consecutive year of decline.</p><p>Tariff-driven metal flows into the US also continue to distort the global copper balance.</p><p>The squeeze pushed the cash-to-three-month futures spread to a multi-year high of $400 per tonne before it normalized to around $100 per tonne.</p><p>BHP Group's (ASX:BHP) shares fell 1% in recent trading on Thursday, while those of <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a> (ASX:RIO) and <a href=\"https://laohu8.com/S/CSCCF\">Capstone Copper</a> (ASX:CSC) rose 1%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Copper Prices Rise Above $14,000 per Tonne Due to Supply Shortage, ANZ Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCopper Prices Rise Above $14,000 per Tonne Due to Supply Shortage, ANZ Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-09-03 13:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Copper prices have risen above $14,000 per tonne due to supply tightening on multiple fronts, ANZ Research said in a Thursday report.</p><p>The export ban on copper concentrate by the Democratic Republic of Congo tightened the market, while copper concentrate production from producers such as Chile and Peru disappointed, with mining output falling in June. China's refined copper output fell 3% year-over-year to 1.1 million tonnes in June.</p><p>South American production is forecast to contract by 3% to 8.5 million tonnes within the year, marking a consecutive year of decline.</p><p>Tariff-driven metal flows into the US also continue to distort the global copper balance.</p><p>The squeeze pushed the cash-to-three-month futures spread to a multi-year high of $400 per tonne before it normalized to around $100 per tonne.</p><p>BHP Group's (ASX:BHP) shares fell 1% in recent trading on Thursday, while those of <a href=\"https://laohu8.com/S/RTNTF\">Rio Tinto</a> (ASX:RIO) and <a href=\"https://laohu8.com/S/CSCCF\">Capstone Copper</a> (ASX:CSC) rose 1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COPJ","symbol_name":"SPROTT JUNIOR COPPER MINERS ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2664810829","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664810829","pubTimestamp":1788413143,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Copper prices have risen above $14,000 per tonne due to supply tightening on multiple fronts, ANZ Research said in a Thursday report.The export ban on copper concentrate by the Democratic Republic of Congo tightened the market, while copper concentrate production from producers such as Chile and Peru disappointed, with mining output falling in June. China's refined copper output fell 3% year-over-year to 1.1 million tonnes in June.South American production is forecast to contract by 3% to 8.5 million tonnes within the year, marking a consecutive year of decline.Tariff-driven metal flows into the US also continue to distort the global copper balance.The squeeze pushed the cash-to-three-month futures spread to a multi-year high of $400 per tonne before it normalized to around $100 per tonne.BHP Group's  shares fell 1% in recent trading on Thursday, while those of Rio Tinto  and Capstone Copper  rose 1%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"COPJ":"SPROTT JUNIOR COPPER MINERS ETF","DBB":"基础金属ETF-PowerShares","COPP":"Sprott Copper Miners ETF","XME":"金属与采矿指数ETF-SPDR","COPX":"铜矿ETF-Global X","BK7110":"铜","PICK":"iShares MSCI Global Metals & Mining Producers ETF","UYM":"基础材料指数ETF-ProShares两倍做多","BHP.AU":"BHP GROUP LTD","SETM":"Sprott Critical Materials ETF","BK7507":"资源股","BK4585":"ETF&股票定投概念","BK7095":"多种金属与采矿","ICOP":"iShares Copper and Metals Mining ETF","BK4535":"淡马锡持仓","CPXR":"USCF DAILY TARGET 2X COPPER INDEX ETF","BK7511":"ESG概念","BK4588":"碎股","CPER":"美国铜指数基金","RIO.AU":"力拓","CSC.AU":"Capstone Copper Corp"},"translate_title":"澳新银行表示，由于供应短缺，铜价升至每吨 14,000 美元以上","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XME":0.69,"DBB":1.5,"UYM":0.69,"CPXR":0.69,"MHGmain":0.69,"COPJ":0.69,"COPX":1.5,"CPER":0.69,"CSC.AU":1,"RIO.AU":1,"BHP.AU":1,"QCmain":0.69,"ICOP":0.69,"COPP":0.69,"SETM":1.5,"PICK":1.5},"content_text":"Copper prices have risen above $14,000 per tonne due to supply tightening on multiple fronts, ANZ Research said in a Thursday report.The export ban on copper concentrate by the Democratic Republic of Congo tightened the market, while copper concentrate production from producers such as Chile and Peru disappointed, with mining output falling in June. China's refined copper output fell 3% year-over-year to 1.1 million tonnes in June.South American production is forecast to contract by 3% to 8.5 million tonnes within the year, marking a consecutive year of decline.Tariff-driven metal flows into the US also continue to distort the global copper balance.The squeeze pushed the cash-to-three-month futures spread to a multi-year high of $400 per tonne before it normalized to around $100 per tonne.BHP Group's (ASX:BHP) shares fell 1% in recent trading on Thursday, while those of Rio Tinto (ASX:RIO) and Capstone Copper (ASX:CSC) rose 1%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}