---
title: "The non-ferrous metal sector has exploded! JIANGXI COPPER rose over 5%, and the international copper price reached a historical high, attracting a surge of funds"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/262810311.md"
description: "The non-ferrous metal sector performed actively today, with JIANGXI COPPER rising over 5%. International copper prices reached a historic high, with three-month copper on the London Metal Exchange hitting USD 11,035 per ton, driving capital inflow into the non-ferrous metal market. The China-U.S. trade negotiations have made positive progress, improving market sentiment. On the supply side, concerns have arisen due to the suspension of operations at the Grasberg copper mine in Indonesia. Citigroup expects copper prices to rise to USD 12,000 per ton next year, increasing market attention on the fundamentals of copper"
datetime: "2025-10-27T03:21:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/262810311.md)
  - [en](https://longbridge.com/en/news/262810311.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/262810311.md)
---

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# The non-ferrous metal sector has exploded! JIANGXI COPPER rose over 5%, and the international copper price reached a historical high, attracting a surge of funds

The non-ferrous metal sector performed actively today, with AnTai Technology, Xiamen Tungsten Industry, and Dongfang Tantalum Industry hitting the daily limit, while Zhongtung High-tech, Jinling Mining, Western Superconducting, Jiangxi Copper, and Zhangyuan Tungsten Industry rose over 5%.

On the news front, the historical high of international copper prices has provided significant support to the non-ferrous metal sector. The three-month copper price on the London Metal Exchange reached a historical high of USD 11,035 per ton, while the surge in oil prices has lifted the overall price center of commodities, with funds gradually switching from the gold and silver markets to the non-ferrous sector. The China-U.S. trade negotiations held in Kuala Lumpur, Malaysia, reached a basic consensus, with both sides making positive progress on issues such as export controls and the suspension of reciprocal tariffs, bringing favorable sentiment to the market.

Challenges on the supply side have become the focus of investor attention, including the suspension of operations at Freeport-McMoRan's large mine in Grasberg, Indonesia, due to a landslide. Freeport stated last week that Grasberg, the world's second-largest copper mine, remains in a state of suspension and will inform investors of its outlook next month. Citigroup recently released a research report indicating that global manufacturing sentiment remains mixed, and cyclical demand growth continues to face pressure. Their tracking data shows that copper consumption in August this year remained weak, rising only 1.3% year-on-year, which is less than the strong performance driven by the domestic solar industry in the first half of the year. Considering the high base, the bank expects consumption growth to remain moderate for the rest of the year but remains optimistic that copper prices will rise to USD 12,000 per ton in the second quarter of next year.

CITIC Construction Investment pointed out that the U.S. core CPI data for September released on Friday was lower than expected, reinforcing expectations for the Federal Reserve to cut interest rates next week and twice in December, boosting non-ferrous commodity prices. Additionally, the White House confirmed Trump's dynamics, increasing market risk appetite. Besides the favorable macro environment, copper's excellent fundamentals are receiving increasing attention and recognition, mainly due to production disruptions weakening supply, while robust electricity demand is expanding the supply-demand gap. With improved liquidity and market risk appetite, the focus is on the pricing phase of supply, and copper is testing historical high records.

In the copper industry chain, the historical high of international copper prices has become the core driving force for the sector's rise. In addition to supply concerns caused by the suspension of Indonesian copper mines, several major copper mining companies have lowered their production guidance, continuously reinforcing the logic of raw material tightness. The smelting sector has entered the maintenance season, maintaining expectations for a downward shift in smelting production, with supply-side contraction supporting price increases. On the demand side, domestic copper demand is about to enter the traditional peak season, and downstream consumption is expected to improve.

The rare earth sector is driven by multiple favorable factors. The prices of tungsten ore and rare earth ore have significantly increased year-on-year, with related product prices rising in tandem, coupled with increased sales of most products year-on-year, driving substantial revenue growth for related companies. The national emphasis on strategic metal resources continues to rise, with rare earths being an important strategic resource, and demand in fields such as new energy, military industry, and high-end manufacturing continues to grow.

In the aluminum industry, global aluminum supply concerns driven by the suspension of operations at an electrolytic aluminum plant in Iceland have pushed prices upward. The domestic market is currently in the peak season for electrolytic aluminum demand, with continuous destocking of aluminum ingots, supporting prices on a fundamental level. Although alumina prices are still declining, the high profitability of the electrolytic aluminum industry provides cost support for prices More exclusive planning and expert columns in the stock channel, free to access \>\>

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