<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/copper-factory.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/copper-factory.png"/></p>
<p>铜价正在飙升至创纪录高位， traders 对强劲需求和紧张供应的押注使其无视中东战争的不确定性。</p>
<p>这一上涨突显了工业金属如何与地缘政治风险脱钩，铜在伦敦金属交易所的涨幅领先。</p>
<p>上周，伦敦金属交易所的铜价上涨了 5%，显著超过其他工业金属的表现。</p>
<p>这种强劲的走势部分归因于市场对霍尔木兹海峡局势的信心改善。</p>
<h2>铜价上涨无视地缘政治紧张局势</h2>
<p>据彭博社报道，铜价有望创下历史最高收盘价，交易者无视美国与伊朗之间的僵局，参与更广泛的风险资产上涨。</p>
<p>伦敦金属交易所（LME）六个主要合约中有五个录得上涨，交易所的综合价格指数在周五以创纪录的高位收盘。</p>
<p>尽管中东战争持续，霍尔木兹海峡的关闭扰乱了石油和天然气的流动，但金属市场表现出韧性。</p>
<p>分析师将此归因于需求超过供应的迹象，特别是在铜方面，铜对电气化和可再生能源基础设施至关重要。</p>
<h2>需求超过供应</h2>
<p>铜的强劲反映了电动车、电网和可再生能源项目等领域的结构性需求增长。</p>
<p>彭博社指出，交易者越来越有信心供应限制将持续，库存处于多年来的低位。</p>
<p>尽管更广泛的商品市场仍然波动，但这一上涨仍在继续。</p>
<p>油价因停火谈判的头条新闻而剧烈波动，而黄金则受到避险需求的支撑。</p>
<p>然而，铜却表现出对地缘政治噪音的独立性，突显了其作为工业需求晴雨表的角色。</p>
<h2>市场情绪与风险偏好</h2>
<p>铜价的飙升也与包括股票在内的风险资产的更广泛上涨有关，尽管地缘政治不确定性，投资者的信心正在恢复。</p>
<p>根据报告，交易者正在 “无视” 中东冲突，而是专注于基本面。</p>
<p>这种韧性与能源市场形成对比，后者的期货对头条新闻高度敏感。</p>
<p>正如 ING 经济学的沃伦·帕特森最近观察到的那样，油价对伊朗周围的噪音 “高度敏感”。</p>
<p>相比之下，铜的驱动因素是供需基本面，而不是政治时间表。</p>
<h2>前景：创纪录高位在望</h2>
<p>随着铜价朝着创纪录的收盘价迈进，分析师预计该金属在短期内将保持支撑。</p>
<p>伦敦金属交易所的综合价格指数创下纪录，突显了从锌到铝的工业金属上涨的广度。</p>
<p>不过，风险依然存在。中东冲突的任何升级都可能对全球增长产生压力，间接影响金属需求。</p>
<p>但目前，铜的走势表明，工业需求足够强劲，可以抵消地缘政治的逆风。</p>
<p>铜价朝着创纪录高位的上涨突显了全球商品市场的显著分歧：尽管石油仍受中东头条新闻的影响，但工业金属则受到结构性需求和紧张供应的推动。</p>
<p>交易者押注铜价将继续上涨，即使地缘政治的不确定性依然存在。</p>
<p>在撰写本文时，伦敦金属交易所的三个月铜合约价格为每吨 13,602 美元，比前一交易日上涨 0.3%。</p>
<p>该文章最初发表于 Invezz，标题为《铜价无视中东动荡，瞄准创纪录高位》。</p>

自由港迈克墨伦铜金矿

南方铜业

<p>铜价正在飙升，接近历史最高水平，这一趋势受到强劲需求和紧张供应的推动，尽管中东地区的地缘政治紧张局势依然存在。上周，伦敦金属交易所（LME）的铜价上涨了 5%，表现优于其他工业金属。分析师将这一涨势归因于结构性需求增长，特别是在电动车和可再生能源领域，同时库存保持在低位。市场情绪正在向基本面转变，交易者更加关注供需动态，而非地缘政治风险。目前，铜价有望创下历史最高收盘价，现货价格为每吨 13,602 美元</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/copper-factory.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/02/copper-factory.png"/></p>
<p>Copper prices have been surging toward record highs, shrugging off Middle East war uncertainty as traders bet on strong demand and tight supply.</p>
<div class="lb-trans"><p>铜价正在飙升至创纪录高位， traders 对强劲需求和紧张供应的押注使其无视中东战争的不确定性。</p>
</div><p>The rally highlights how industrial metals are decoupling from geopolitical risk, with copper leading gains across the London Metal Exchange.</p>
<div class="lb-trans"><p>这一上涨突显了工业金属如何与地缘政治风险脱钩，铜在伦敦金属交易所的涨幅领先。</p>
</div><p>Copper's price on the LME saw a 5% increase last week, significantly surpassing the performance of other industrial metals.</p>
<div class="lb-trans"><p>上周，伦敦金属交易所的铜价上涨了 5%，显著超过其他工业金属的表现。</p>
</div><p>This strong movement was likely attributable, in part, to improved market confidence regarding the Strait of Hormuz situation.</p>
<div class="lb-trans"><p>这种强劲的走势部分归因于市场对霍尔木兹海峡局势的信心改善。</p>
</div><h2>Copper rally defies geopolitical tensions</h2>
<div class="lb-trans"><h2>铜价上涨无视地缘政治紧张局势</h2>
</div><p>Copper is on track for its highest-ever close, as traders brushed aside the deadlock between the US and Iran to join a broader rally in risk assets, Bloomberg said in a report.</p>
<div class="lb-trans"><p>据彭博社报道，铜价有望创下历史最高收盘价，交易者无视美国与伊朗之间的僵局，参与更广泛的风险资产上涨。</p>
</div><p>Five of the six main contracts on the London Metal Exchange (LME) posted gains, with the exchange’s all-in gauge of prices ending Friday at a record high.</p>
<div class="lb-trans"><p>伦敦金属交易所（LME）六个主要合约中有五个录得上涨，交易所的综合价格指数在周五以创纪录的高位收盘。</p>
</div><p>Despite the ongoing war in the Middle East and the closure of the Strait of Hormuz disrupting oil and gas flows, metals markets have proved resilient.</p>
<div class="lb-trans"><p>尽管中东战争持续，霍尔木兹海峡的关闭扰乱了石油和天然气的流动，但金属市场表现出韧性。</p>
</div><p>Analysts attribute this to signs that demand is outstripping supply, particularly in copper, which is critical for electrification and renewable energy infrastructure.</p>
<div class="lb-trans"><p>分析师将此归因于需求超过供应的迹象，特别是在铜方面，铜对电气化和可再生能源基础设施至关重要。</p>
</div><h2>Demand outpaces supply</h2>
<div class="lb-trans"><h2>需求超过供应</h2>
</div><p>Copper’s strength reflects structural demand growth from sectors such as electric vehicles, power grids, and renewable energy projects.</p>
<div class="lb-trans"><p>铜的强劲反映了电动车、电网和可再生能源项目等领域的结构性需求增长。</p>
</div><p>Bloomberg noted that traders are increasingly confident that supply constraints will persist, with inventories at multi-year lows.</p>
<div class="lb-trans"><p>彭博社指出，交易者越来越有信心供应限制将持续，库存处于多年来的低位。</p>
</div><p>The rally comes even as broader commodity markets remain volatile.</p>
<div class="lb-trans"><p>尽管更广泛的商品市场仍然波动，但这一上涨仍在继续。</p>
</div><p>Oil prices have swung sharply on headlines about ceasefire talks, while gold has been supported by safe-haven demand.</p>
<div class="lb-trans"><p>油价因停火谈判的头条新闻而剧烈波动，而黄金则受到避险需求的支撑。</p>
</div><p>Copper, however, has shown independence from geopolitical noise, underscoring its role as a barometer of industrial demand.</p>
<div class="lb-trans"><p>然而，铜却表现出对地缘政治噪音的独立性，突显了其作为工业需求晴雨表的角色。</p>
</div><h2>Market sentiment and risk appetite</h2>
<div class="lb-trans"><h2>市场情绪与风险偏好</h2>
</div><p>The surge in copper is also tied to a broader rally in risk assets, including equities, as investors regain confidence despite geopolitical uncertainty.</p>
<div class="lb-trans"><p>铜价的飙升也与包括股票在内的风险资产的更广泛上涨有关，尽管地缘政治不确定性，投资者的信心正在恢复。</p>
</div><p>According to the report, traders are “shrugging off” the Middle East conflict, focusing instead on fundamentals.</p>
<div class="lb-trans"><p>根据报告，交易者正在 “无视” 中东冲突，而是专注于基本面。</p>
</div><p>This resilience contrasts with energy markets, where futures remain highly sensitive to headlines.</p>
<div class="lb-trans"><p>这种韧性与能源市场形成对比，后者的期货对头条新闻高度敏感。</p>
</div><p>As Warren Patterson of ING Economics recently observed, oil prices remain “highly sensitive to noise around Iran.”</p>
<div class="lb-trans"><p>正如 ING 经济学的沃伦·帕特森最近观察到的那样，油价对伊朗周围的噪音 “高度敏感”。</p>
</div><p>Copper, by comparison, is being driven by supply-demand fundamentals rather than political timelines.</p>
<div class="lb-trans"><p>相比之下，铜的驱动因素是供需基本面，而不是政治时间表。</p>
</div><h2>Outlook: record highs in sight</h2>
<div class="lb-trans"><h2>前景：创纪录高位在望</h2>
</div><p>With copper heading for a record close, analysts expect the metal to remain supported in the near term.</p>
<div class="lb-trans"><p>随着铜价朝着创纪录的收盘价迈进，分析师预计该金属在短期内将保持支撑。</p>
</div><p>The LME’s composite price index, hitting a record, underscores the breadth of the rally across industrial metals, from zinc to aluminum.</p>
<div class="lb-trans"><p>伦敦金属交易所的综合价格指数创下纪录，突显了从锌到铝的工业金属上涨的广度。</p>
</div><p>Still, risks remain. Any escalation in the Middle East conflict could weigh on global growth, indirectly affecting metals demand.</p>
<div class="lb-trans"><p>不过，风险依然存在。中东冲突的任何升级都可能对全球增长产生压力，间接影响金属需求。</p>
</div><p>Yet for now, copper’s trajectory suggests that industrial demand is strong enough to offset geopolitical headwinds.</p>
<div class="lb-trans"><p>但目前，铜的走势表明，工业需求足够强劲，可以抵消地缘政治的逆风。</p>
</div><p>Copper’s rally toward record highs highlights a striking divergence in global commodities: while oil remains hostage to Middle East headlines, industrial metals are being powered by structural demand and tight supply.</p>
<div class="lb-trans"><p>铜价朝着创纪录高位的上涨突显了全球商品市场的显著分歧：尽管石油仍受中东头条新闻的影响，但工业金属则受到结构性需求和紧张供应的推动。</p>
</div><p>Traders are betting copper will continue to climb, even as geopolitical uncertainty lingers.</p>
<div class="lb-trans"><p>交易者押注铜价将继续上涨，即使地缘政治的不确定性依然存在。</p>
</div><p>At the time of writing, the three-month copper contract on the London Metal Exchange was at $13,602 per ton, up 0.3% from the previous close.</p>
<div class="lb-trans"><p>在撰写本文时，伦敦金属交易所的三个月铜合约价格为每吨 13,602 美元，比前一交易日上涨 0.3%。</p>
</div><p>The post Copper shrugs off Middle East turmoil, aims for record highs appeared first on Invezz</p>
<div class="lb-trans"><p>该文章最初发表于 Invezz，标题为《铜价无视中东动荡，瞄准创纪录高位》。</p>
</div>

铜价无视中东的动荡，目标创下历史新高