11:09 - 10.09.2026

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September 10, Fineko/abc.az. Copper prices continue to trade near record highs on the London Metal Exchange (LME), approaching $15,000 per metric ton and extending an 11-week rally. The surge has been fueled by massive shipments to the U.S., a weaker greenback, and growing optimism over AI data center demand.

However, market experts caution that the rally's foundation remains fragile. Natixis analyst Bernard Dahdah highlighted growing market risks, noting that price action is currently driven by short-term speculative flows and US import arbitrage rather than underlying industrial end-user demand. Pending U.S. inflation data and potential Federal Reserve hawkishness also pose downside risks.