<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>銅價正在飆升至創紀錄高位， traders 對強勁需求和緊張供應的押注使其無視中東戰爭的不確定性。</p>
<p>這一上漲突顯了工業金屬如何與地緣政治風險脱鈎，銅在倫敦金屬交易所的漲幅領先。</p>
<p>上週，倫敦金屬交易所的銅價上漲了 5%，顯著超過其他工業金屬的表現。</p>
<p>這種強勁的走勢部分歸因於市場對霍爾木茲海峽局勢的信心改善。</p>
<h2>銅價上漲無視地緣政治緊張局勢</h2>
<p>據彭博社報道，銅價有望創下歷史最高收盤價，交易者無視美國與伊朗之間的僵局，參與更廣泛的風險資產上漲。</p>
<p>倫敦金屬交易所（LME）六個主要合約中有五個錄得上漲，交易所的綜合價格指數在週五以創紀錄的高位收盤。</p>
<p>儘管中東戰爭持續，霍爾木茲海峽的關閉擾亂了石油和天然氣的流動，但金屬市場表現出韌性。</p>
<p>分析師將此歸因於需求超過供應的跡象，特別是在銅方面，銅對電氣化和可再生能源基礎設施至關重要。</p>
<h2>需求超過供應</h2>
<p>銅的強勁反映了電動車、電網和可再生能源項目等領域的結構性需求增長。</p>
<p>彭博社指出，交易者越來越有信心供應限制將持續，庫存處於多年來的低位。</p>
<p>儘管更廣泛的商品市場仍然波動，但這一上漲仍在繼續。</p>
<p>油價因停火談判的頭條新聞而劇烈波動，而黃金則受到避險需求的支撐。</p>
<p>然而，銅卻表現出對地緣政治噪音的獨立性，突顯了其作為工業需求晴雨表的角色。</p>
<h2>市場情緒與風險偏好</h2>
<p>銅價的飆升也與包括股票在內的風險資產的更廣泛上漲有關，儘管地緣政治不確定性，投資者的信心正在恢復。</p>
<p>根據報告，交易者正在 “無視” 中東衝突，而是專注於基本面。</p>
<p>這種韌性與能源市場形成對比，後者的期貨對頭條新聞高度敏感。</p>
<p>正如 ING 經濟學的沃倫·帕特森最近觀察到的那樣，油價對伊朗周圍的噪音 “高度敏感”。</p>
<p>相比之下，銅的驅動因素是供需基本面，而不是政治時間表。</p>
<h2>前景：創紀錄高位在望</h2>
<p>隨着銅價朝着創紀錄的收盤價邁進，分析師預計該金屬在短期內將保持支撐。</p>
<p>倫敦金屬交易所的綜合價格指數創下紀錄，突顯了從鋅到鋁的工業金屬上漲的廣度。</p>
<p>不過，風險依然存在。中東衝突的任何升級都可能對全球增長產生壓力，間接影響金屬需求。</p>
<p>但目前，銅的走勢表明，工業需求足夠強勁，可以抵消地緣政治的逆風。</p>
<p>銅價朝着創紀錄高位的上漲突顯了全球商品市場的顯著分歧：儘管石油仍受中東頭條新聞的影響，但工業金屬則受到結構性需求和緊張供應的推動。</p>
<p>交易者押注銅價將繼續上漲，即使地緣政治的不確定性依然存在。</p>
<p>在撰寫本文時，倫敦金屬交易所的三個月銅合約價格為每噸 13,602 美元，比前一交易日上漲 0.3%。</p>
<p>該文章最初發表於 Invezz，標題為《銅價無視中東動盪，瞄準創紀錄高位》。</p>

自由港邁克墨倫銅金礦

南方銅業

<p>銅價正在飆升，接近歷史最高水平，這一趨勢受到強勁需求和緊張供應的推動，儘管中東地區的地緣政治緊張局勢依然存在。上週，倫敦金屬交易所（LME）的銅價上漲了 5%，表現優於其他工業金屬。分析師將這一漲勢歸因於結構性需求增長，特別是在電動車和可再生能源領域，同時庫存保持在低位。市場情緒正在向基本面轉變，交易者更加關注供需動態，而非地緣政治風險。目前，銅價有望創下歷史最高收盤價，現貨價格為每噸 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>銅價正在飆升至創紀錄高位， traders 對強勁需求和緊張供應的押注使其無視中東戰爭的不確定性。</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>這一上漲突顯了工業金屬如何與地緣政治風險脱鈎，銅在倫敦金屬交易所的漲幅領先。</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>上週，倫敦金屬交易所的銅價上漲了 5%，顯著超過其他工業金屬的表現。</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>這種強勁的走勢部分歸因於市場對霍爾木茲海峽局勢的信心改善。</p>
</div><h2>Copper rally defies geopolitical tensions</h2>
<div class="lb-trans"><h2>銅價上漲無視地緣政治緊張局勢</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>據彭博社報道，銅價有望創下歷史最高收盤價，交易者無視美國與伊朗之間的僵局，參與更廣泛的風險資產上漲。</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>倫敦金屬交易所（LME）六個主要合約中有五個錄得上漲，交易所的綜合價格指數在週五以創紀錄的高位收盤。</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>儘管中東戰爭持續，霍爾木茲海峽的關閉擾亂了石油和天然氣的流動，但金屬市場表現出韌性。</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>分析師將此歸因於需求超過供應的跡象，特別是在銅方面，銅對電氣化和可再生能源基礎設施至關重要。</p>
</div><h2>Demand outpaces supply</h2>
<div class="lb-trans"><h2>需求超過供應</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>銅的強勁反映了電動車、電網和可再生能源項目等領域的結構性需求增長。</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，交易者越來越有信心供應限制將持續，庫存處於多年來的低位。</p>
</div><p>The rally comes even as broader commodity markets remain volatile.</p>
<div class="lb-trans"><p>儘管更廣泛的商品市場仍然波動，但這一上漲仍在繼續。</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>油價因停火談判的頭條新聞而劇烈波動，而黃金則受到避險需求的支撐。</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，銅卻表現出對地緣政治噪音的獨立性，突顯了其作為工業需求晴雨表的角色。</p>
</div><h2>Market sentiment and risk appetite</h2>
<div class="lb-trans"><h2>市場情緒與風險偏好</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>銅價的飆升也與包括股票在內的風險資產的更廣泛上漲有關，儘管地緣政治不確定性，投資者的信心正在恢復。</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>根據報告，交易者正在 “無視” 中東衝突，而是專注於基本面。</p>
</div><p>This resilience contrasts with energy markets, where futures remain highly sensitive to headlines.</p>
<div class="lb-trans"><p>這種韌性與能源市場形成對比，後者的期貨對頭條新聞高度敏感。</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 經濟學的沃倫·帕特森最近觀察到的那樣，油價對伊朗周圍的噪音 “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，銅的驅動因素是供需基本面，而不是政治時間表。</p>
</div><h2>Outlook: record highs in sight</h2>
<div class="lb-trans"><h2>前景：創紀錄高位在望</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>隨着銅價朝着創紀錄的收盤價邁進，分析師預計該金屬在短期內將保持支撐。</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>倫敦金屬交易所的綜合價格指數創下紀錄，突顯了從鋅到鋁的工業金屬上漲的廣度。</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>不過，風險依然存在。中東衝突的任何升級都可能對全球增長產生壓力，間接影響金屬需求。</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，銅的走勢表明，工業需求足夠強勁，可以抵消地緣政治的逆風。</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>銅價朝着創紀錄高位的上漲突顯了全球商品市場的顯著分歧：儘管石油仍受中東頭條新聞的影響，但工業金屬則受到結構性需求和緊張供應的推動。</p>
</div><p>Traders are betting copper will continue to climb, even as geopolitical uncertainty lingers.</p>
<div class="lb-trans"><p>交易者押注銅價將繼續上漲，即使地緣政治的不確定性依然存在。</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>在撰寫本文時，倫敦金屬交易所的三個月銅合約價格為每噸 13,602 美元，比前一交易日上漲 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>該文章最初發表於 Invezz，標題為《銅價無視中東動盪，瞄準創紀錄高位》。</p>
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銅價無視中東的動盪，目標創下歷史新高