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Copper Hits Record High of 14,635 Dollars per Tonne

By Markets Desk · 2026-09-08 · Updated 2026-09-09 16:29 UTC
A pile of raw copper ingots stacked neatly in an industrial warehouse setting.
Illustration: Tradingbird

Copper has reached a historic high of $14,635 per tonne, marking its fourth consecutive day of gains, while new data indicates smelters are facing unprecedented financial losses due to record-low treatment charges and a structural shortage of raw concentrate.

  • New reporting from GN auto markets/commodities: copper prices reveals that the record metal prices are masking a severe squeeze on producers, with 2026 treatment charges hitting a historic zero and spot rates turning negative as smelters lose money on every tonne processed due to tight concentrate supply.

    Source: GN auto markets/commodities: copper prices

  • Benchmark copper reached a new peak of 14,635 dollars per tonne on Tuesday. This marks the fourth consecutive session of gains for the industrial metal.

    Source: GN auto markets/commodities: copper prices
Based on reporting by GN auto markets/commodities: copper prices and GN auto markets/commodities: copper prices, compiled by the Tradingbird desk.

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