Copper prices in London rose about 1% on Friday, marking the start of 2026 with gains after jumping more than 40% in 2025 to record-high levels. Aluminum also reached its highest price since May 2022.
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The three-month copper contract on the London Metal Exchange climbed 0.9% to $12,537 per metric ton, while Shanghai’s futures market was closed for a public holiday, according to CNN.
Aluminum prices in London remained relatively stable at $2,998 per ton, supported by positive momentum across base metal markets.
Copper’s record surge last year, rising about 42%, was driven by a weaker US dollar, strong demand from AI and renewable energy applications, and supply disruptions at mines.
Other metals also gained:
Zinc: +0.1% to $3,121.5 per ton
Lead: +0.1% to $2,012 per ton
Tin: +0.7% to $40,825 per ton
Nickel: +1.2% to $16,850 per ton
The start of 2026 reflects continued optimism in base metals markets amid strong industrial demand and supply-side constraints.
