Copper rebounds on firmer risk sentiment and tight supply in China

Copper prices rose on Monday, with London Metal Exchange three-month futures up 0.7% to $13,869 a metric ton by 1030 GMT. Business Recorder reported that the metal was recovering after a 2.7% weekly decline, while firmer risk sentiment, a weaker dollar and tight Chinese supply supported the move.

The Yangshan premium, an indicator of demand for imported copper in China, reached a record $230 a ton, and the most traded Shanghai Futures Exchange contract advanced 0.5% to 107,430 yuan ($16,096.31) a ton. However, analysts cautioned that the rebound could fade: ING said prices remain exposed to weaker market sentiment, while Citi lowered its three-month forecast to $13,300 from $14,500 a ton amid concerns about AI demand and US copper tariff expectations.