--- title: "METALS-Copper keeps pushing towards January record high, aluminium gains" type: "News" locale: "en" url: "https://longbridge.com/en/news/286249456.md" description: "Copper prices have risen for eight consecutive sessions, reaching their highest level since January 29, driven by bullish technical signals and strong demand forecasts. The London Metal Exchange reported a 0.9% increase in benchmark three-month copper prices, while aluminium also saw gains, hitting its highest in nearly four weeks. Factors supporting copper prices include robust factory activity data and concerns over supply disruptions due to geopolitical tensions. The Yangshan copper premium indicates strong demand from China, and U.S. copper futures are trading at a significant premium over LME prices, influenced by potential import tariffs." datetime: "2026-05-13T10:46:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286249456.md) - [en](https://longbridge.com/en/news/286249456.md) - [zh-HK](https://longbridge.com/zh-HK/news/286249456.md) --- # METALS-Copper keeps pushing towards January record high, aluminium gains (Updates prices, adds analyst comment, changes dateline to London) By Polina Devitt LONDON, May 13 (Reuters) - Copper prices rose for an eighth session on Wednesday, reaching highest since January 29, due to the bullish technical signals and outperforming prices in the U.S., while aluminium hit its highest in almost four weeks. Benchmark three-month copper on the London Metal Exchange gained 0.9% to $14,152.50 a metric ton by 1019 GMT, after posting a record close on Tuesday. The LME's index of six base metals contracts closed at a record high on Tuesday with copper steadily pushing closer to its intraday record high of $14,527.50 hit on January 29 and strong prices for the entire complex. Copper is supported by bets on future demand growth, recent strong factory activity data easing concerns about any immediate effect on global economies from the Middle East conflict and worries about availability of sulphuric acid for some copper producers due to the closure of the Strait of Hormuz. The Yangshan copper premium , a gauge of China's appetite for importing copper, rose 3% to $72 a ton, highest since mid-April, suggesting strong demand in the top metals consumer despite rising prices. In the U.S., the most active COMEX July copper futures gained 1.7% to $6.644 a lb with touching a record high. Copper in the U.S. is trading at a premium of about $500 a ton over LME copper with Washington expected to decide by end-June whether to impose import tariffs on refined copper. "The anticipation of policy action is drawing metal into the United States and tightening availability elsewhere, adding another layer of support to the global market," Neil Welsh, head of metals at broker Britannia Global Markets, said in a note. LME aluminium rose 2.3% to $3,641.50 a ton after hitting highest since April 17 as the Iran war disrupted supply from producers in the Middle East. Providing further support, daily LME data showed that on-warrant aluminium stocks in the LME-registered warehouses fell to 301,725 tons after 30,000 fresh cancellations in Malaysia. Zinc rose 0.2% to $3,538, lead was last up 0.6% at $2,008.50, tin gained 1.6% to $55,560 and nickel added 1.3% to $19,190. Both zinc and lead hit highest since late January. (Reporting by Polina Devitt; Editing by Shreya Biswas) ### Related Stocks - [FCX.US](https://longbridge.com/en/quote/FCX.US.md) - [600362.CN](https://longbridge.com/en/quote/600362.CN.md) - [SCCO.US](https://longbridge.com/en/quote/SCCO.US.md) - [ERO.US](https://longbridge.com/en/quote/ERO.US.md) - [ICOP.US](https://longbridge.com/en/quote/ICOP.US.md) - [CPER.US](https://longbridge.com/en/quote/CPER.US.md) - [XME.US](https://longbridge.com/en/quote/XME.US.md) - [COPP.US](https://longbridge.com/en/quote/COPP.US.md) - [COPJ.US](https://longbridge.com/en/quote/COPJ.US.md) - [PICK.US](https://longbridge.com/en/quote/PICK.US.md) - [COPX.US](https://longbridge.com/en/quote/COPX.US.md) - [DBB.US](https://longbridge.com/en/quote/DBB.US.md) ## Related News & Research - [Top Copper Stocks For The AI Grid And A 42% ROE](https://longbridge.com/en/news/286654200.md) - [$1000 Invested In Southern Copper 5 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286463558.md) - [ArcWest Provides Exploration Update | SJRNF Stock News](https://longbridge.com/en/news/286413221.md) - [How Peru’s Tía María Permit Revocation At Southern Copper (SCCO) Has Changed Its Investment Story](https://longbridge.com/en/news/286701241.md) - [METALS-Weak China data pushes copper to one-week low](https://longbridge.com/en/news/286750747.md)