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Copper Towards $13,000 In 2027: World Bank Forecasts High Prices, But Metals Markets Remain Divided
The World Bank forecasts an average copper price of $13,000 per tonne in 2027, just 1.5% below the $13,200 estimated for 2026. The October update, published on October 28, 2026, indicates that electrification, electricity grids and data centres will continue to...
Freeport-McMoRan: Revenue Rises Despite Lower Copper Output As Grasberg And Expansion Projects Shape Future Supply
Freeport-McMoRan reported higher revenue and earnings in the third quarter of 2026 despite lower copper and gold output. Higher realized copper and molybdenum prices supported profitability, while the recovery of Indonesian operations and potential expansions in the...
Aluminium, Rotterdam Duty-Paid/Duty-Unpaid Spread Reaches Highest Level Since 2022
In Rotterdam, the primary P1020A aluminium market is no longer moving in a single direction. Material already cleared through customs (duty-paid, DP) is becoming more expensive, while premiums for lots still under a duty-suspension customs regime (duty-unpaid, DUP)...
SHFE Base Metals Fall, Led By Lead: New Chinese Certification Rules Slow Battery Orders
The morning session of October 29, 2026 marks a reversal compared with the general rise observed on the preceding day at the Shanghai Futures Exchange. At 10:30 a.m. local time, all six base metals are in negative territory, although with different intensities. Lead...